SolXenCat vs MemeCore

MemeCore (M) is 17472.2× the size of SolXenCat (XENCAT) by market capitalisation. Over the past 30 days, XENCAT is ahead by 12.7 percentage points (XENCAT -14.6% 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 XENCAT's 85%.

Correlation: -0.17
Size ratio: 1 : 17472.2
Ahead over 30 days: XENCAT

SolXenCatXENCAT

$0.000106

24h: +6.30%
Market cap: $106,183
Volume 24h: $134
Volatility (ann.): 85%

MemeCoreM

$0.808618

24h: -3.94%
Market cap: $1.86B
Volume 24h: $696,271
Volatility (ann.): 108%

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

Performance

XENCATM

7 days-0.66%-19.79%XENCAT
30 days-14.60%-27.25%XENCAT

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	XENCAT	M
Max drawdown (400d)	-19.8%	-41.1%
Risk-adjusted return (90d)	0.10	-0.25

Relative strength over 90 days: XENCAT outperformed M by 6.0% — measured on the XENCAT/M ratio, so it holds regardless of market direction.

SolXenCat →MemeCore →