TOP HAT vs MemeCore

MemeCore (M) is 4543.4× the size of TOP HAT (TOPHAT) by market capitalisation. Over the past 30 days, TOPHAT is ahead by 13.2 percentage points (TOPHAT -13.9% against M -27.1%). Their daily returns move barely together (correlation 0.02 across 23 shared trading days). TOPHAT has been the more volatile of the two, at 173% annualised against M's 108%.

Correlation: 0.02
Size ratio: 1 : 4543.4
Ahead over 30 days: TOPHAT

TOP HATTOPHAT

$0.000434

24h: +3.03%
Market cap: $418,174
Volume 24h: $382
Volatility (ann.): 173%

MemeCoreM

$0.828158

24h: -4.25%
Market cap: $1.90B
Volume 24h: $1.85M
Volatility (ann.): 108%

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

Performance

TOPHATM

7 days+22.42%-19.48%TOPHAT
30 days-13.95%-27.12%TOPHAT

Correlation

0.02over 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	TOPHAT	M
Max drawdown (400d)	-50.3%	-41.1%
Risk-adjusted return (90d)	-0.14	-0.23

Relative strength over 90 days: M outperformed TOPHAT by 14.6% — measured on the TOPHAT/M ratio, so it holds regardless of market direction.

TOP HAT →MemeCore →