Wrapped AyeAyeCoin vs MemeCore

MemeCore (M) is 600.5× the size of Wrapped AyeAyeCoin (WAAC) by market capitalisation. Over the past 30 days, WAAC is ahead by 7.2 percentage points (WAAC -19.9% against M -27.1%). Their daily returns move barely together (correlation 0.29 across 30 shared trading days). WAAC has been the more volatile of the two, at 212% annualised against M's 108%.

Correlation: 0.29
Size ratio: 1 : 600.5
Ahead over 30 days: WAAC

Wrapped AyeAyeCoinWAAC

$0.532145

24h: -1.06%
Market cap: $3.19M
Volume 24h: $437
Volatility (ann.): 212%

MemeCoreM

$0.835823

24h: -2.38%
Market cap: $1.92B
Volume 24h: $683,482
Volatility (ann.): 108%

WAAC 0.2%Share of the two combined market caps99.8% M

Performance

WAACM

7 days+4.79%-19.48%WAAC
30 days-19.91%-27.12%WAAC

Correlation

0.29over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2990d: 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	WAAC	M
Max drawdown (400d)	-39.6%	-41.1%
Risk-adjusted return (90d)	-0.05	-0.23

Relative strength over 90 days: WAAC outperformed M by 13.6% — measured on the WAAC/M ratio, so it holds regardless of market direction.

Wrapped AyeAyeCoin →MemeCore →