Wall Street Memes vs MemeCore

MemeCore (M) is 6606.8× the size of Wall Street Memes (WSM) by market capitalisation. Over the past 30 days, WSM is ahead by 15.5 percentage points (WSM -11.7% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.02 across 24 shared trading days). M has been the more volatile of the two, at 108% annualised against WSM's 36%.

Correlation: -0.02
Size ratio: 1 : 6606.8
Ahead over 30 days: WSM

Wall Street MemesWSM

$0.000145

24h: —
Market cap: $288,449
Volume 24h: $11
Volatility (ann.): 36%

MemeCoreM

$0.830662

24h: -1.86%
Market cap: $1.91B
Volume 24h: $1.68M
Volatility (ann.): 108%

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

Performance

WSMM

7 days-5.16%-19.79%WSM
30 days-11.74%-27.25%WSM

Correlation

-0.02over 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	WSM	M
Max drawdown (400d)	-13.7%	-41.1%
Risk-adjusted return (90d)	-0.26	-0.25

Relative strength over 90 days: WSM outperformed M by 2.9% — measured on the WSM/M ratio, so it holds regardless of market direction.

Wall Street Memes →MemeCore →