Swag vs MemeCore

MemeCore (M) is 13059.0× the size of Swag ($SWAG) by market capitalisation. Over the past 30 days, $SWAG is ahead by 10.4 percentage points ($SWAG -16.9% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.24 across 23 shared trading days). M has been the more volatile of the two, at 108% annualised against $SWAG's 50%.

Correlation: -0.24
Size ratio: 1 : 13059.0
Ahead over 30 days: $SWAG

Swag$SWAG

$0.001460

24h: —
Market cap: $145,982
Volume 24h: —
Volatility (ann.): 50%

MemeCoreM

$0.830929

24h: -2.46%
Market cap: $1.91B
Volume 24h: $1.63M
Volatility (ann.): 108%

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

Performance

$SWAGM

7 days+3.36%-19.79%$SWAG
30 days-16.90%-27.25%$SWAG

Correlation

-0.24over 23 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	$SWAG	M
Max drawdown (400d)	-23.3%	-41.1%
Risk-adjusted return (90d)	-0.33	-0.25

Relative strength over 90 days: M outperformed $SWAG by 1.3% — measured on the $SWAG/M ratio, so it holds regardless of market direction.

Swag →MemeCore →