UNCOMMON•GOODS vs MemeCore

MemeCore (M) is 917.1× the size of UNCOMMON•GOODS (UNCOMMONGOODS) by market capitalisation. Over the past 30 days, UNCOMMONGOODS is ahead by 25.8 percentage points (UNCOMMONGOODS -1.4% against M -27.1%). Their daily returns move barely in opposite directions (correlation -0.05 across 21 shared trading days). M has been the more volatile of the two, at 108% annualised against UNCOMMONGOODS's 68%.

Correlation: -0.05
Size ratio: 1 : 917.1
Ahead over 30 days: UNCOMMONGOODS

UNCOMMON•GOODSUNCOMMONGOODS

$0.012223

24h: -1.54%
Market cap: $2.10M
Volume 24h: $1,687
Volatility (ann.): 68%

MemeCoreM

$0.839018

24h: -2.43%
Market cap: $1.92B
Volume 24h: $685,654
Volatility (ann.): 108%

UNCOMMONGOODS 0.1%Share of the two combined market caps99.9% M

Performance

UNCOMMONGOODSM

7 days-7.16%-19.48%UNCOMMONGOODS
30 days-1.36%-27.12%UNCOMMONGOODS

Correlation

-0.05over 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	UNCOMMONGOODS	M
Max drawdown (400d)	-14.9%	-41.1%
Risk-adjusted return (90d)	-0.02	-0.23

Relative strength over 90 days: M outperformed UNCOMMONGOODS by 7.7% — measured on the UNCOMMONGOODS/M ratio, so it holds regardless of market direction.

UNCOMMON•GOODS →MemeCore →