Smolcoin [OLD] vs MemeCore

MemeCore (M) is 5997.1× the size of Smolcoin [OLD] (SMOL) by market capitalisation. Over the past 30 days, SMOL is ahead by 15.3 percentage points (SMOL -11.9% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.34 across 24 shared trading days). M has been the more volatile of the two, at 108% annualised against SMOL's 43%.

Correlation: -0.34
Size ratio: 1 : 5997.1
Ahead over 30 days: SMOL

Smolcoin [OLD]SMOL

$3.188e-7

24h: +7.37%
Market cap: $318,771
Volume 24h: $315
Volatility (ann.): 43%

MemeCoreM

$0.833245

24h: -2.02%
Market cap: $1.91B
Volume 24h: $713,205
Volatility (ann.): 108%

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

Performance

SMOLM

7 days+1.70%-19.79%SMOL
30 days-11.93%-27.25%SMOL

Correlation

-0.34over 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	SMOL	M
Max drawdown (400d)	-17.9%	-41.1%
Risk-adjusted return (90d)	-0.27	-0.25

Relative strength over 90 days: SMOL outperformed M by 0.3% — measured on the SMOL/M ratio, so it holds regardless of market direction.

Smolcoin [OLD] →MemeCore →