The Shape Store vs MemeCore

MemeCore (M) is 157042.6× the size of The Shape Store (SHAPE) by market capitalisation. Over the past 30 days, M is ahead by 12.9 percentage points (SHAPE -40.2% against M -27.3%). Their daily returns move barely together (correlation 0.08 across 23 shared trading days). M has been the more volatile of the two, at 108% annualised against SHAPE's 93%.

Correlation: 0.08
Size ratio: 1 : 157042.6
Ahead over 30 days: M

The Shape StoreSHAPE

$1.192e-5

24h: +0.24%
Market cap: $11,919
Volume 24h: $2
Volatility (ann.): 93%

MemeCoreM

$0.815789

24h: -3.28%
Market cap: $1.87B
Volume 24h: $1.68M
Volatility (ann.): 108%

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

Performance

SHAPEM

7 days-11.75%-19.79%SHAPE
30 days-40.18%-27.25%M

Correlation

0.08over 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	SHAPE	M
Max drawdown (400d)	-41.3%	-41.1%
Risk-adjusted return (90d)	-0.33	-0.25

Relative strength over 90 days: M outperformed SHAPE by 6.0% — measured on the SHAPE/M ratio, so it holds regardless of market direction.

The Shape Store →MemeCore →