UAP vs MemeCore

MemeCore (M) is 152500.9× the size of UAP (UAP) by market capitalisation. Over the past 30 days, UAP is ahead by 5.6 percentage points (UAP -21.7% against M -27.3%). Their daily returns move barely together (correlation 0.03 across 21 shared trading days). M has been the more volatile of the two, at 108% annualised against UAP's 50%.

Correlation: 0.03
Size ratio: 1 : 152500.9
Ahead over 30 days: UAP

UAPUAP

$1.238e-5

24h: —
Market cap: $12,280
Volume 24h: —
Volatility (ann.): 50%

MemeCoreM

$0.816270

24h: -2.99%
Market cap: $1.87B
Volume 24h: $1.68M
Volatility (ann.): 108%

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

Performance

UAPM

7 days-7.95%-19.79%UAP
30 days-21.68%-27.25%UAP

Correlation

0.03over 21 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	UAP	M
Max drawdown (400d)	-24.0%	-41.1%
Risk-adjusted return (90d)	-0.45	-0.25

Relative strength over 90 days: M outperformed UAP by 4.0% — measured on the UAP/M ratio, so it holds regardless of market direction.

UAP →MemeCore →