Arbitrage Loop vs Fartcoin

Fartcoin (FARTCOIN) is 44950.5× the size of Arbitrage Loop (ARB) by market capitalisation. Over the past 30 days, FARTCOIN is ahead by 13.7 percentage points (ARB -25.6% against FARTCOIN -11.9%). Their daily returns move barely together (correlation 0.01 across 21 shared trading days). ARB has been the more volatile of the two, at 244% annualised against FARTCOIN's 155%.

Correlation: 0.01
Size ratio: 1 : 44950.5
Ahead over 30 days: FARTCOIN

Arbitrage LoopARB

$2.770e-6

24h: —
Market cap: $2,769
Volume 24h: —
Volatility (ann.): 244%

FartcoinFARTCOIN

$0.124486

24h: +6.55%
Market cap: $124.48M
Volume 24h: $17.03M
Volatility (ann.): 155%

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

Performance

ARBFARTCOIN

7 days-8.48%-6.26%FARTCOIN
30 days-25.56%-11.87%FARTCOIN

Correlation

0.01over 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	ARB	FARTCOIN
Max drawdown (400d)	-33.6%	-46.0%
Risk-adjusted return (90d)	-0.12	-0.08

Relative strength over 90 days: ARB outperformed FARTCOIN by 6.6% — measured on the ARB/FARTCOIN ratio, so it holds regardless of market direction.

Arbitrage Loop →Fartcoin →