Strategic Oil Supply vs MemeCore

MemeCore (M) is 30555.8× the size of Strategic Oil Supply (SOS) by market capitalisation. Over the past 30 days, SOS is ahead by 2.9 percentage points (SOS -24.4% against M -27.3%). Their daily returns move barely together (correlation 0.06 across 22 shared trading days). M has been the more volatile of the two, at 108% annualised against SOS's 46%.

Correlation: 0.06
Size ratio: 1 : 30555.8
Ahead over 30 days: SOS

Strategic Oil SupplySOS

$6.156e-5

24h: +3.91%
Market cap: $61,561
Volume 24h: $26
Volatility (ann.): 46%

MemeCoreM

$0.819829

24h: -0.78%
Market cap: $1.88B
Volume 24h: $1.69M
Volatility (ann.): 108%

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

Performance

SOSM

7 days-9.26%-19.79%SOS
30 days-24.38%-27.25%SOS

Correlation

0.06over 22 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	SOS	M
Max drawdown (400d)	-28.8%	-41.1%
Risk-adjusted return (90d)	-0.53	-0.25

Relative strength over 90 days: M outperformed SOS by 13.8% — measured on the SOS/M ratio, so it holds regardless of market direction.

Strategic Oil Supply →MemeCore →