Apple vs Fartcoin

Fartcoin (FARTCOIN) is 6460.9× the size of Apple (APPLE) by market capitalisation. Over the past 30 days, APPLE is ahead by 4.7 percentage points (APPLE -7.2% against FARTCOIN -11.9%). Their daily returns move barely together (correlation 0.24 across 23 shared trading days). FARTCOIN has been the more volatile of the two, at 155% annualised against APPLE's 84%.

Correlation: 0.24
Size ratio: 1 : 6460.9
Ahead over 30 days: APPLE

AppleAPPLE

$1.764e-5

24h: +3.79%
Market cap: $17,630
Volume 24h: $80
Volatility (ann.): 84%

FartcoinFARTCOIN

$0.113916

24h: -8.70%
Market cap: $113.91M
Volume 24h: $15.21M
Volatility (ann.): 155%

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

Performance

APPLEFARTCOIN

7 days+7.97%-6.26%APPLE
30 days-7.17%-11.87%APPLE

Correlation

0.24over 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	APPLE	FARTCOIN
Max drawdown (400d)	-25.6%	-46.0%
Risk-adjusted return (90d)	-0.14	-0.08

Relative strength over 90 days: APPLE outperformed FARTCOIN by 24.3% — measured on the APPLE/FARTCOIN ratio, so it holds regardless of market direction.

Apple →Fartcoin →