Wall Street Baby vs MemeCore

MemeCore (M) is 7969.3× the size of Wall Street Baby (WSB) by market capitalisation. Over the past 30 days, M is ahead by 3.4 percentage points (WSB -30.7% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.05 across 24 shared trading days). M has been the more volatile of the two, at 108% annualised against WSB's 49%.

Correlation: -0.05
Size ratio: 1 : 7969.3
Ahead over 30 days: M

Wall Street BabyWSB

$2.360e-9

24h: +6.21%
Market cap: $236,037
Volume 24h: $1,435
Volatility (ann.): 49%

MemeCoreM

$0.819829

24h: -0.78%
Market cap: $1.88B
Volume 24h: $1.69M
Volatility (ann.): 108%

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

Performance

WSBM

7 days+1.70%-19.79%WSB
30 days-30.68%-27.25%M

Correlation

-0.05over 24 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	WSB	M
Max drawdown (400d)	-36.0%	-41.1%
Risk-adjusted return (90d)	-0.62	-0.25

Relative strength over 90 days: M outperformed WSB by 10.9% — measured on the WSB/M ratio, so it holds regardless of market direction.

Wall Street Baby →MemeCore →