Solid X vs MemeCore

MemeCore (M) is 731.0× the size of Solid X (SOLIDX) by market capitalisation. Over the past 30 days, M is ahead by 41.4 percentage points (SOLIDX -68.5% against M -27.1%). Their daily returns move loosely together (correlation 0.44 across 32 shared trading days). SOLIDX has been the more volatile of the two, at 215% annualised against M's 108%.

Correlation: 0.44
Size ratio: 1 : 731.0
Ahead over 30 days: M

Solid XSOLIDX

$0.125707

24h: +0.18%
Market cap: $2.64M
Volume 24h: $503
Volatility (ann.): 215%

MemeCoreM

$0.841282

24h: -1.92%
Market cap: $1.93B
Volume 24h: $627,939
Volatility (ann.): 108%

SOLIDX 0.1%Share of the two combined market caps99.9% M

Performance

SOLIDXM

7 days+4.48%-19.48%SOLIDX
30 days-68.52%-27.12%M

Correlation

0.44over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4490d: 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	SOLIDX	M
Max drawdown (400d)	-78.6%	-41.1%
Risk-adjusted return (90d)	-0.35	-0.23

Relative strength over 90 days: M outperformed SOLIDX by 69.8% — measured on the SOLIDX/M ratio, so it holds regardless of market direction.

Solid X →MemeCore →