Towelie vs MemeCore

MemeCore (M) is 31677.8× the size of Towelie (TOWELI) by market capitalisation. Over the past 30 days, TOWELI is ahead by 16.9 percentage points (TOWELI -10.4% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.29 across 23 shared trading days). TOWELI has been the more volatile of the two, at 2438850939984340% annualised against M's 108%.

Correlation: -0.29
Size ratio: 1 : 31677.8
Ahead over 30 days: TOWELI

TowelieTOWELI

$6.207e-5

24h: —
Market cap: $58,349
Volume 24h: —
Volatility (ann.): 2438850939984340%

MemeCoreM

$0.805602

24h: -5.29%
Market cap: $1.85B
Volume 24h: $1.47M
Volatility (ann.): 108%

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

Performance

TOWELIM

7 days+0.27%-19.79%TOWELI
30 days-10.40%-27.25%TOWELI

Correlation

-0.29over 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	TOWELI	M
Max drawdown (400d)	-100.0%	-41.1%
Risk-adjusted return (90d)	0.00	-0.25

Relative strength over 90 days: M outperformed TOWELI by 0.0% — measured on the TOWELI/M ratio, so it holds regardless of market direction.

Towelie →MemeCore →