Water Rabbit vs MemeCore

MemeCore (M) is 4087.8× the size of Water Rabbit (WAR) by market capitalisation. Over the past 30 days, M is ahead by 14.7 percentage points (WAR -42.0% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.06 across 24 shared trading days). Both have run at a similar volatility, around 103% annualised.

Correlation: -0.06
Size ratio: 1 : 4087.8
Ahead over 30 days: M

Water RabbitWAR

$0.000160

24h: +3.49%
Market cap: $467,657
Volume 24h: $77
Volatility (ann.): 98%

MemeCoreM

$0.833245

24h: -2.02%
Market cap: $1.91B
Volume 24h: $713,205
Volatility (ann.): 108%

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

Performance

WARM

7 days-10.48%-19.79%WAR
30 days-41.95%-27.25%M

Correlation

-0.06over 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	WAR	M
Max drawdown (400d)	-46.4%	-41.1%
Risk-adjusted return (90d)	-0.44	-0.25

Relative strength over 90 days: M outperformed WAR by 9.7% — measured on the WAR/M ratio, so it holds regardless of market direction.

Water Rabbit →MemeCore →