SolMail vs MemeCore

MemeCore (M) is 14698.0× the size of SolMail (MAIL) by market capitalisation. Over the past 30 days, MAIL is ahead by 0.1 percentage points (MAIL -27.2% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.18 across 24 shared trading days). M has been the more volatile of the two, at 108% annualised against MAIL's 67%.

Correlation: -0.18
Size ratio: 1 : 14698.0
Ahead over 30 days: MAIL

SolMailMAIL

$0.000129

24h: +3.16%
Market cap: $129,252
Volume 24h: $544
Volatility (ann.): 67%

MemeCoreM

$0.828068

24h: -3.44%
Market cap: $1.90B
Volume 24h: $1.63M
Volatility (ann.): 108%

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

Performance

MAILM

7 days-9.40%-19.79%MAIL
30 days-27.20%-27.25%MAIL

Correlation

-0.18over 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	MAIL	M
Max drawdown (400d)	-36.6%	-41.1%
Risk-adjusted return (90d)	-0.40	-0.25

Relative strength over 90 days: M outperformed MAIL by 11.7% — measured on the MAIL/M ratio, so it holds regardless of market direction.

SolMail →MemeCore →