We Love Legs vs MemeCore

MemeCore (M) is 95327.2× the size of We Love Legs (LEGS) by market capitalisation. Over the past 30 days, LEGS is ahead by 1.5 percentage points (LEGS -23.8% against M -25.3%). Their daily returns move barely together (correlation 0.07 across 23 shared trading days). M has been the more volatile of the two, at 107% annualised against LEGS's 59%.

Correlation: 0.07
Size ratio: 1 : 95327.2
Ahead over 30 days: LEGS

We Love LegsLEGS

$1.996e-5

24h: +0.39%
Market cap: $19,956
Volume 24h: $95
Volatility (ann.): 59%

MemeCoreM

$0.829019

24h: -0.36%
Market cap: $1.90B
Volume 24h: $2.10M
Volatility (ann.): 107%

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

Performance

LEGSM

7 days-8.67%-20.13%LEGS
30 days-23.77%-25.32%LEGS

Correlation

0.07over 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	LEGS	M
Max drawdown (400d)	-25.4%	-41.1%
Risk-adjusted return (90d)	-0.41	-0.27

Relative strength over 90 days: M outperformed LEGS by 10.5% — measured on the LEGS/M ratio, so it holds regardless of market direction.

We Love Legs →MemeCore →