Tralalero Tralala vs MemeCore

MemeCore (M) is 226298.0× the size of Tralalero Tralala (DOUBLET) by market capitalisation. Over the past 30 days, M is ahead by 26.4 percentage points (DOUBLET -51.7% against M -25.3%). Their daily returns move barely in opposite directions (correlation -0.13 across 25 shared trading days). DOUBLET has been the more volatile of the two, at 135% annualised against M's 107%.

Correlation: -0.13
Size ratio: 1 : 226298.0
Ahead over 30 days: M

Tralalero TralalaDOUBLET

$8.560e-6

24h: +4.96%
Market cap: $8,313
Volume 24h: $46
Volatility (ann.): 135%

MemeCoreM

$0.819888

24h: -1.52%
Market cap: $1.88B
Volume 24h: $1.99M
Volatility (ann.): 107%

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

Performance

DOUBLETM

7 days+1.63%-20.13%DOUBLET
30 days-51.71%-25.32%M

Correlation

-0.13over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1390d: 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	DOUBLET	M
Max drawdown (400d)	-62.8%	-41.1%
Risk-adjusted return (90d)	-0.41	-0.27

Relative strength over 90 days: M outperformed DOUBLET by 38.5% — measured on the DOUBLET/M ratio, so it holds regardless of market direction.

Tralalero Tralala →MemeCore →