Torch of Liberty vs MemeCore

MemeCore (M) is 2103.3× the size of Torch of Liberty (LIBERTY) by market capitalisation. Over the past 30 days, LIBERTY is ahead by 15.3 percentage points (LIBERTY -11.8% against M -27.1%). Their daily returns move barely together (correlation 0.03 across 24 shared trading days). LIBERTY has been the more volatile of the two, at 149% annualised against M's 108%.

Correlation: 0.03
Size ratio: 1 : 2103.3
Ahead over 30 days: LIBERTY

Torch of LibertyLIBERTY

$0.000926

24h: —
Market cap: $925,654
Volume 24h: $294
Volatility (ann.): 149%

MemeCoreM

$0.848694

24h: -1.15%
Market cap: $1.95B
Volume 24h: $1.66M
Volatility (ann.): 108%

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

Performance

LIBERTYM

7 days-4.56%-19.48%LIBERTY
30 days-11.80%-27.12%LIBERTY

Correlation

0.03over 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	LIBERTY	M
Max drawdown (400d)	-39.3%	-41.1%
Risk-adjusted return (90d)	-0.25	-0.23

Relative strength over 90 days: M outperformed LIBERTY by 18.2% — measured on the LIBERTY/M ratio, so it holds regardless of market direction.

Torch of Liberty →MemeCore →