360noscope420blazeit vs Fartcoin

Fartcoin (FARTCOIN) is 180.5× the size of 360noscope420blazeit (MLG) by market capitalisation. Over the past 30 days, MLG is ahead by 18.9 percentage points (MLG +2.1% against FARTCOIN -16.8%). Their daily returns move very closely together (correlation 0.89 across 21 shared trading days). FARTCOIN has been the more volatile of the two, at 156% annualised against MLG's 126%.

Correlation: 0.89
Size ratio: 1 : 180.5
Ahead over 30 days: MLG

360noscope420blazeitMLG

$0.000666

24h: +0.61%
Market cap: $664,034
Volume 24h: $1,029
Volatility (ann.): 126%

FartcoinFARTCOIN

$0.119847

24h: +1.70%
Market cap: $119.84M
Volume 24h: $11.77M
Volatility (ann.): 156%

MLG 0.6%Share of the two combined market caps99.4% FARTCOIN

Performance

MLGFARTCOIN

7 days+7.26%-8.30%MLG
30 days+2.14%-16.75%MLG

Correlation

0.89over 21 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	MLG	FARTCOIN
Max drawdown (400d)	-27.1%	-46.0%
Risk-adjusted return (90d)	0.02	-0.11

Relative strength over 90 days: MLG outperformed FARTCOIN by 9.9% — measured on the MLG/FARTCOIN ratio, so it holds regardless of market direction.

360noscope420blazeit →Fartcoin →