Weird Medieval Memes vs Akedo

Akedo (AKE) is 1318.9× the size of Weird Medieval Memes (WMM) by market capitalisation. Over the past 30 days, WMM is ahead by 59.7 percentage points (WMM -23.5% against AKE -83.2%). Their daily returns move barely together (correlation 0.06 across 23 shared trading days). AKE has been the more volatile of the two, at 457% annualised against WMM's 40%.

Correlation: 0.06
Size ratio: 1 : 1318.9
Ahead over 30 days: WMM

Weird Medieval MemesWMM

$4.132e-5

24h: +3.26%
Market cap: $41,308
Volume 24h: $24
Volatility (ann.): 40%

AkedoAKE

$0.002390

24h: -9.39%
Market cap: $54.48M
Volume 24h: $34.38M
Volatility (ann.): 457%

WMM 0.1%Share of the two combined market caps99.9% AKE

Performance

WMMAKE

7 days-9.02%-88.63%WMM
30 days-23.45%-83.17%WMM

Correlation

0.06over 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	WMM	AKE
Max drawdown (400d)	-23.4%	-93.5%
Risk-adjusted return (90d)	-0.54	-0.16

Relative strength over 90 days: WMM outperformed AKE by 713.6% — measured on the WMM/AKE ratio, so it holds regardless of market direction.

Weird Medieval Memes →Akedo →