Skol vs MemeCore

MemeCore (M) is 5131.5× the size of Skol ($SKOL) by market capitalisation. Over the past 30 days, $SKOL is ahead by 10.9 percentage points ($SKOL -16.4% against M -27.3%). Their daily returns move barely together (correlation 0.05 across 24 shared trading days). M has been the more volatile of the two, at 108% annualised against $SKOL's 63%.

Correlation: 0.05
Size ratio: 1 : 5131.5
Ahead over 30 days: $SKOL

Skol$SKOL

$0.036302

24h: +7.61%
Market cap: $363,016
Volume 24h: $2,090
Volatility (ann.): 63%

MemeCoreM

$0.811942

24h: -3.98%
Market cap: $1.86B
Volume 24h: $675,352
Volatility (ann.): 108%

$SKOL 0.0%Share of the two combined market caps100.0% M

Performance

$SKOLM

7 days+5.03%-19.79%$SKOL
30 days-16.37%-27.25%$SKOL

Correlation

0.05over 24 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: insufficient data1y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	$SKOL	M
Max drawdown (400d)	-24.4%	-41.1%
Risk-adjusted return (90d)	-0.25	-0.25

Relative strength over 90 days: M outperformed $SKOL by 7.4% — measured on the $SKOL/M ratio, so it holds regardless of market direction.

Skol →MemeCore →