Top Hat vs MemeCore

MemeCore (M) is 35155.4× the size of Top Hat (HAT) by market capitalisation. Over the past 30 days, M is ahead by 2.7 percentage points (HAT -29.9% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.07 across 24 shared trading days). M has been the more volatile of the two, at 108% annualised against HAT's 43%.

Correlation: -0.07
Size ratio: 1 : 35155.4
Ahead over 30 days: M

Top HatHAT

$5.379e-5

24h: —
Market cap: $53,243
Volume 24h: $5
Volatility (ann.): 43%

MemeCoreM

$0.815789

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

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

Performance

HATM

7 days-10.38%-19.79%HAT
30 days-29.91%-27.25%M

Correlation

-0.07over 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	HAT	M
Max drawdown (400d)	-30.9%	-41.1%
Risk-adjusted return (90d)	-0.69	-0.25

Relative strength over 90 days: M outperformed HAT by 11.2% — measured on the HAT/M ratio, so it holds regardless of market direction.

Top Hat →MemeCore →