TN100x vs MemeCore

MemeCore (M) is 34474.6× the size of TN100x (TN100X) by market capitalisation. Over the past 30 days, M is ahead by 21.9 percentage points (TN100X -49.1% against M -27.3%). Their daily returns move loosely in opposite directions (correlation -0.55 across 24 shared trading days). Both have run at a similar volatility, around 114% annualised.

Correlation: -0.55
Size ratio: 1 : 34474.6
Ahead over 30 days: M

TN100xTN100X

$6.250e-6

24h: +13.45%
Market cap: $53,815
Volume 24h: $833
Volatility (ann.): 120%

MemeCoreM

$0.808618

24h: -3.94%
Market cap: $1.86B
Volume 24h: $696,271
Volatility (ann.): 108%

TN100X 0.0%Share of the two combined market caps100.0% M

Performance

TN100XM

7 days+0.77%-19.79%TN100X
30 days-49.13%-27.25%M

Correlation

-0.55over 24 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	TN100X	M
Max drawdown (400d)	-58.5%	-41.1%
Risk-adjusted return (90d)	-0.43	-0.25

Relative strength over 90 days: M outperformed TN100X by 44.5% — measured on the TN100X/M ratio, so it holds regardless of market direction.

TN100x →MemeCore →