UNIVERSE vs MemeCore

MemeCore (M) is 725.3× the size of UNIVERSE (UNIVERSE) by market capitalisation. Over the past 30 days, UNIVERSE is ahead by 34.7 percentage points (UNIVERSE +7.5% against M -27.1%). Their daily returns move barely together (correlation 0.03 across 30 shared trading days). M has been the more volatile of the two, at 108% annualised against UNIVERSE's 45%.

Correlation: 0.03
Size ratio: 1 : 725.3
Ahead over 30 days: UNIVERSE

UNIVERSEUNIVERSE

$0.000544

24h: -0.11%
Market cap: $2.67M
Volume 24h: $99
Volatility (ann.): 45%

MemeCoreM

$0.842884

24h: -0.91%
Market cap: $1.93B
Volume 24h: $636,290
Volatility (ann.): 108%

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

Performance

UNIVERSEM

7 days-8.49%-19.48%UNIVERSE
30 days+7.53%-27.12%UNIVERSE

Correlation

0.03over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0390d: 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	UNIVERSE	M
Max drawdown (400d)	-11.4%	-41.1%
Risk-adjusted return (90d)	0.30	-0.23

Relative strength over 90 days: UNIVERSE outperformed M by 43.5% — measured on the UNIVERSE/M ratio, so it holds regardless of market direction.

UNIVERSE →MemeCore →