Steamboat Willie vs MemeCore

MemeCore (M) is 21996.0× the size of Steamboat Willie (MICKEY) by market capitalisation. Over the past 30 days, MICKEY is ahead by 4.6 percentage points (MICKEY -22.7% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.07 across 20 shared trading days). M has been the more volatile of the two, at 108% annualised against MICKEY's 46%.

Correlation: -0.07
Size ratio: 1 : 21996.0
Ahead over 30 days: MICKEY

Steamboat WillieMICKEY

$8.276e-5

24h: —
Market cap: $82,757
Volume 24h: —
Volatility (ann.): 46%

MemeCoreM

$0.793384

24h: -6.25%
Market cap: $1.82B
Volume 24h: $723,643
Volatility (ann.): 108%

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

Performance

MICKEYM

7 days-7.48%-19.79%MICKEY
30 days-22.67%-27.25%MICKEY

Correlation

-0.07over 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	MICKEY	M
Max drawdown (400d)	-23.5%	-41.1%
Risk-adjusted return (90d)	-0.49	-0.25

Relative strength over 90 days: M outperformed MICKEY by 13.9% — measured on the MICKEY/M ratio, so it holds regardless of market direction.

Steamboat Willie →MemeCore →