MemeCore (M) is 14798.8× the size of Tiger King Coin (TKING) by market capitalisation. Their daily returns move barely together (correlation 0.01 across 20 shared trading days). Both have run at a similar volatility, around 102% annualised.
TKINGM
0.01over 20 shared trading days
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.
| Metric | TKING | M |
|---|---|---|
| Max drawdown (400d) | -77.6% | -41.1% |
| Risk-adjusted return (90d) | -0.09 | -0.25 |
Relative strength over 90 days: TKING outperformed M by 62.0% — measured on the TKING/M ratio, so it holds regardless of market direction.