Snorter vs MemeCore

MemeCore (M) is 2330.8× the size of Snorter (SNORT) by market capitalisation. Over the past 30 days, SNORT is ahead by 13.5 percentage points (SNORT -13.8% against M -27.3%). Their daily returns move loosely together (correlation 0.48 across 30 shared trading days). M has been the more volatile of the two, at 108% annualised against SNORT's 81%.

Correlation: 0.48
Size ratio: 1 : 2330.8
Ahead over 30 days: SNORT

SnorterSNORT

$0.003197

24h: +5.06%
Market cap: $799,232
Volume 24h: $949
Volatility (ann.): 81%

MemeCoreM

$0.811942

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

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

Performance

SNORTM

7 days+3.24%-19.79%SNORT
30 days-13.79%-27.25%SNORT

Correlation

0.48over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4890d: 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	SNORT	M
Max drawdown (400d)	-26.9%	-41.1%
Risk-adjusted return (90d)	-0.19	-0.25

Relative strength over 90 days: SNORT outperformed M by 11.9% — measured on the SNORT/M ratio, so it holds regardless of market direction.

Snorter →MemeCore →