x420 vs MemeCore

MemeCore (M) is 13040.2× the size of x420 (X420) by market capitalisation. Over the past 30 days, X420 is ahead by 12.7 percentage points (X420 -14.6% against M -27.3%). Their daily returns move barely in opposite directions (correlation -0.15 across 22 shared trading days). M has been the more volatile of the two, at 108% annualised against X420's 61%.

Correlation: -0.15
Size ratio: 1 : 13040.2
Ahead over 30 days: X420

x420X420

$1.460e-6

24h: —
Market cap: $145,684
Volume 24h: $15
Volatility (ann.): 61%

MemeCoreM

$0.828068

24h: -3.44%
Market cap: $1.90B
Volume 24h: $1.63M
Volatility (ann.): 108%

X420 0.0%Share of the two combined market caps100.0% M

Performance

X420M

7 days+4.68%-19.79%X420
30 days-14.57%-27.25%X420

Correlation

-0.15over 22 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	X420	M
Max drawdown (400d)	-21.3%	-41.1%
Risk-adjusted return (90d)	-0.21	-0.25

Relative strength over 90 days: X420 outperformed M by 2.1% — measured on the X420/M ratio, so it holds regardless of market direction.

x420 →MemeCore →