XEN Crypto (PulseChain) vs MemeCore

MemeCore (M) is 502539915.5× the size of XEN Crypto (PulseChain) (PXEN) by market capitalisation. Over the past 30 days, PXEN is ahead by 45.6 percentage points (PXEN +18.3% against M -27.3%). Their daily returns move barely together (correlation 0.04 across 24 shared trading days). PXEN has been the more volatile of the two, at 258% annualised against M's 108%.

Correlation: 0.04
Size ratio: 1 : 502539915.5
Ahead over 30 days: PXEN

XEN Crypto (PulseChain)PXEN

$3.222e-11

24h: +21.15%
Market cap: $4
Volume 24h: $201
Volatility (ann.): 258%

MemeCoreM

$0.832527

24h: -3.40%
Market cap: $1.91B
Volume 24h: $1.95M
Volatility (ann.): 108%

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

Performance

PXENM

7 days+2.83%-19.79%PXEN
30 days+18.33%-27.25%PXEN

Correlation

0.04over 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	PXEN	M
Max drawdown (400d)	-43.6%	-41.1%
Risk-adjusted return (90d)	0.04	-0.25

Relative strength over 90 days: M outperformed PXEN by 9.8% — measured on the PXEN/M ratio, so it holds regardless of market direction.

XEN Crypto (PulseChain) →MemeCore →