Unicorn Meat vs MemeCore

MemeCore (M) is 2899.8× the size of Unicorn Meat (W🍖) by market capitalisation. Over the past 30 days, W🍖 is ahead by 17.9 percentage points (W🍖 -9.3% against M -27.1%). Their daily returns move loosely together (correlation 0.38 across 23 shared trading days). M has been the more volatile of the two, at 108% annualised against W🍖's 80%.

Correlation: 0.38
Size ratio: 1 : 2899.8
Ahead over 30 days: W🍖

Unicorn MeatW🍖

$0.006654

24h: —
Market cap: $665,298
Volume 24h: —
Volatility (ann.): 80%

MemeCoreM

$0.840979

24h: -1.61%
Market cap: $1.93B
Volume 24h: $592,591
Volatility (ann.): 108%

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

Performance

W🍖M

7 days-15.56%-19.48%W🍖
30 days-9.27%-27.12%W🍖

Correlation

0.38over 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	W🍖	M
Max drawdown (400d)	-20.6%	-41.1%
Risk-adjusted return (90d)	-0.12	-0.23

Relative strength over 90 days: W🍖 outperformed M by 17.9% — measured on the W🍖/M ratio, so it holds regardless of market direction.

Unicorn Meat →MemeCore →