Zcash Shielded Asset vs MemeCore

MemeCore (M) is 133728.2× the size of Zcash Shielded Asset (ZIP227) by market capitalisation. Over the past 30 days, M is ahead by 14.8 percentage points (ZIP227 -42.1% against M -27.3%). Their daily returns move loosely together (correlation 0.41 across 23 shared trading days). ZIP227 has been the more volatile of the two, at 177% annualised against M's 108%.

Correlation: 0.41
Size ratio: 1 : 133728.2
Ahead over 30 days: M

Zcash Shielded AssetZIP227

$1.452e-5

24h: +5.56%
Market cap: $14,066
Volume 24h: $4
Volatility (ann.): 177%

MemeCoreM

$0.819829

24h: -0.78%
Market cap: $1.88B
Volume 24h: $1.69M
Volatility (ann.): 108%

ZIP227 0.0%Share of the two combined market caps100.0% M

Performance

ZIP227M

7 days-35.92%-19.79%M
30 days-42.06%-27.25%M

Correlation

0.41over 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	ZIP227	M
Max drawdown (400d)	-45.7%	-41.1%
Risk-adjusted return (90d)	-0.23	-0.25

Relative strength over 90 days: ZIP227 outperformed M by 1.2% — measured on the ZIP227/M ratio, so it holds regardless of market direction.

Zcash Shielded Asset →MemeCore →