The Grays Currency vs MemeCore

MemeCore (M) is 340.1× the size of The Grays Currency (PTGC) by market capitalisation. Over the past 30 days, M is ahead by 28.7 percentage points (PTGC -55.8% against M -27.1%). Their daily returns move barely together (correlation 0.12 across 32 shared trading days). PTGC has been the more volatile of the two, at 223% annualised against M's 108%.

Correlation: 0.12
Size ratio: 1 : 340.1
Ahead over 30 days: M

The Grays CurrencyPTGC

$1.999e-5

24h: +1.83%
Market cap: $5.73M
Volume 24h: $2,331
Volatility (ann.): 223%

MemeCoreM

$0.850179

24h: -0.28%
Market cap: $1.95B
Volume 24h: $1.79M
Volatility (ann.): 108%

PTGC 0.3%Share of the two combined market caps99.7% M

Performance

PTGCM

7 days+17.71%-19.48%PTGC
30 days-55.80%-27.12%M

Correlation

0.12over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1290d: 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	PTGC	M
Max drawdown (400d)	-76.5%	-41.1%
Risk-adjusted return (90d)	-0.32	-0.23

Relative strength over 90 days: M outperformed PTGC by 63.8% — measured on the PTGC/M ratio, so it holds regardless of market direction.

The Grays Currency →MemeCore →