Stargate vs MemeCore

MemeCore (M) is 63486.8× the size of Stargate (STARGATE) by market capitalisation. Over the past 30 days, STARGATE is ahead by 4.4 percentage points (STARGATE -22.9% against M -27.3%). Their daily returns move barely together (correlation 0.29 across 20 shared trading days). M has been the more volatile of the two, at 108% annualised against STARGATE's 51%.

Correlation: 0.29
Size ratio: 1 : 63486.8
Ahead over 30 days: STARGATE

StargateSTARGATE

$2.950e-5

24h: +2.43%
Market cap: $29,473
Volume 24h: $158
Volatility (ann.): 51%

MemeCoreM

$0.815491

24h: -1.67%
Market cap: $1.87B
Volume 24h: $1.73M
Volatility (ann.): 108%

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

Performance

STARGATEM

7 days-8.44%-19.79%STARGATE
30 days-22.89%-27.25%STARGATE

Correlation

0.29over 20 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	STARGATE	M
Max drawdown (400d)	-25.8%	-41.1%
Risk-adjusted return (90d)	-0.45	-0.25

Relative strength over 90 days: M outperformed STARGATE by 8.0% — measured on the STARGATE/M ratio, so it holds regardless of market direction.

Stargate →MemeCore →