Reject Modernity vs Fartcoin

Fartcoin (FARTCOIN) is 3549.3× the size of Reject Modernity (ALPHA) by market capitalisation. Over the past 30 days, FARTCOIN is ahead by 1.1 percentage points (ALPHA -23.2% against FARTCOIN -22.1%). Their daily returns move barely together (correlation 0.24 across 22 shared trading days). FARTCOIN has been the more volatile of the two, at 155% annualised against ALPHA's 45%.

Correlation: 0.24
Size ratio: 1 : 3549.3
Ahead over 30 days: FARTCOIN

Reject ModernityALPHA

$3.322e-5

24h: -5.85%
Market cap: $33,199
Volume 24h: $2
Volatility (ann.): 45%

FartcoinFARTCOIN

$0.117895

24h: -6.65%
Market cap: $117.83M
Volume 24h: $16.08M
Volatility (ann.): 155%

ALPHA 0.0%Share of the two combined market caps100.0% FARTCOIN

Performance

ALPHAFARTCOIN

7 days-6.61%-4.91%FARTCOIN
30 days-23.21%-22.08%FARTCOIN

Correlation

0.24over 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	ALPHA	FARTCOIN
Max drawdown (400d)	-25.1%	-47.4%
Risk-adjusted return (90d)	-0.47	-0.13

Relative strength over 90 days: ALPHA outperformed FARTCOIN by 24.6% — measured on the ALPHA/FARTCOIN ratio, so it holds regardless of market direction.

Reject Modernity →Fartcoin →