SquidGrow vs MemeCore

MemeCore (M) is 426.9× the size of SquidGrow (SQGROW) by market capitalisation. Over the past 30 days, SQGROW is ahead by 27.9 percentage points (SQGROW +0.7% against M -27.1%). Their daily returns move loosely together (correlation 0.47 across 30 shared trading days). SQGROW has been the more volatile of the two, at 204% annualised against M's 108%.

Correlation: 0.47
Size ratio: 1 : 426.9
Ahead over 30 days: SQGROW

SquidGrowSQGROW

$0.004523

24h: -12.42%
Market cap: $4.52M
Volume 24h: $42,077
Volatility (ann.): 204%

MemeCoreM

$0.841773

24h: -2.12%
Market cap: $1.93B
Volume 24h: $630,910
Volatility (ann.): 108%

SQGROW 0.2%Share of the two combined market caps99.8% M

Performance

SQGROWM

7 days-20.88%-19.48%M
30 days+0.73%-27.12%SQGROW

Correlation

0.47over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4790d: 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	SQGROW	M
Max drawdown (400d)	-50.6%	-41.1%
Risk-adjusted return (90d)	-0.04	-0.23

Relative strength over 90 days: SQGROW outperformed M by 16.0% — measured on the SQGROW/M ratio, so it holds regardless of market direction.

SquidGrow →MemeCore →