Soulja Coin vs MemeCore

MemeCore (M) is 124205.7× the size of Soulja Coin (SBOY) by market capitalisation. Over the past 30 days, SBOY is ahead by 10.4 percentage points (SBOY -16.8% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.25 across 23 shared trading days). M has been the more volatile of the two, at 108% annualised against SBOY's 54%.

Correlation: -0.25
Size ratio: 1 : 124205.7
Ahead over 30 days: SBOY

Soulja CoinSBOY

$1.526e-5

24h: —
Market cap: $15,070
Volume 24h: $4
Volatility (ann.): 54%

MemeCoreM

$0.815789

24h: -3.28%
Market cap: $1.87B
Volume 24h: $1.68M
Volatility (ann.): 108%

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

Performance

SBOYM

7 days-6.71%-19.79%SBOY
30 days-16.84%-27.25%SBOY

Correlation

-0.25over 23 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	SBOY	M
Max drawdown (400d)	-20.4%	-41.1%
Risk-adjusted return (90d)	-0.27	-0.25

Relative strength over 90 days: M outperformed SBOY by 2.0% — measured on the SBOY/M ratio, so it holds regardless of market direction.

Soulja Coin →MemeCore →