Sponge vs MemeCore

MemeCore (M) is 8907.3× the size of Sponge (SPONGE) by market capitalisation. Over the past 30 days, SPONGE is ahead by 66.3 percentage points (SPONGE +39.0% against M -27.3%). Their daily returns move loosely together (correlation 0.54 across 27 shared trading days). SPONGE has been the more volatile of the two, at 184% annualised against M's 108%.

Correlation: 0.54
Size ratio: 1 : 8907.3
Ahead over 30 days: SPONGE

SpongeSPONGE

$1.430e-6

24h: -7.10%
Market cap: $214,621
Volume 24h: $3,120
Volatility (ann.): 184%

MemeCoreM

$0.833245

24h: -2.02%
Market cap: $1.91B
Volume 24h: $713,205
Volatility (ann.): 108%

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

Performance

SPONGEM

7 days+8.33%-19.79%SPONGE
30 days+39.04%-27.25%SPONGE

Correlation

0.54over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5490d: 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	SPONGE	M
Max drawdown (400d)	-37.4%	-41.1%
Risk-adjusted return (90d)	0.30	-0.25

Relative strength over 90 days: SPONGE outperformed M by 99.2% — measured on the SPONGE/M ratio, so it holds regardless of market direction.

Sponge →MemeCore →