Solchat vs MemeCore

MemeCore (M) is 8291.6× the size of Solchat (CHAT) by market capitalisation. Over the past 30 days, CHAT is ahead by 5.9 percentage points (CHAT -21.4% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.17 across 24 shared trading days). M has been the more volatile of the two, at 108% annualised against CHAT's 83%.

Correlation: -0.17
Size ratio: 1 : 8291.6
Ahead over 30 days: CHAT

SolchatCHAT

$0.025563

24h: +5.41%
Market cap: $229,838
Volume 24h: $402
Volatility (ann.): 83%

MemeCoreM

$0.830662

24h: -1.86%
Market cap: $1.91B
Volume 24h: $1.68M
Volatility (ann.): 108%

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

Performance

CHATM

7 days-13.74%-19.79%CHAT
30 days-21.38%-27.25%CHAT

Correlation

-0.17over 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	CHAT	M
Max drawdown (400d)	-26.3%	-41.1%
Risk-adjusted return (90d)	-0.29	-0.25

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

Solchat →MemeCore →