Snappy vs MemeCore

MemeCore (M) is 85575.7× the size of Snappy (SNAP) by market capitalisation. Over the past 30 days, M is ahead by 50.8 percentage points (SNAP -78.1% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.02 across 23 shared trading days). SNAP has been the more volatile of the two, at 169% annualised against M's 108%.

Correlation: -0.02
Size ratio: 1 : 85575.7
Ahead over 30 days: M

SnappySNAP

$2.177e-5

24h: —
Market cap: $21,768
Volume 24h: $413
Volatility (ann.): 169%

MemeCoreM

$0.811942

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

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

Performance

SNAPM

7 days-20.33%-19.79%M
30 days-78.09%-27.25%M

Correlation

-0.02over 23 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	SNAP	M
Max drawdown (400d)	-78.1%	-41.1%
Risk-adjusted return (90d)	-0.46	-0.25

Relative strength over 90 days: M outperformed SNAP by 58.8% — measured on the SNAP/M ratio, so it holds regardless of market direction.

Snappy →MemeCore →