conviction vs Fartcoin

Fartcoin (FARTCOIN) is 14043.2× the size of conviction (CONVICTION) by market capitalisation. Over the past 30 days, CONVICTION is ahead by 396.7 percentage points (CONVICTION +384.8% against FARTCOIN -11.9%). Their daily returns move barely in opposite directions (correlation -0.11 across 23 shared trading days). CONVICTION has been the more volatile of the two, at 10164% annualised against FARTCOIN's 155%.

Correlation: -0.11
Size ratio: 1 : 14043.2
Ahead over 30 days: CONVICTION

convictionCONVICTION

$8.080e-6

24h: —
Market cap: $8,083
Volume 24h: $2
Volatility (ann.): 10164%

FartcoinFARTCOIN

$0.113520

24h: -9.39%
Market cap: $113.51M
Volume 24h: $13.81M
Volatility (ann.): 155%

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

Performance

CONVICTIONFARTCOIN

7 days+294.58%-6.26%CONVICTION
30 days+384.85%-11.87%CONVICTION

Correlation

-0.11over 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	CONVICTION	FARTCOIN
Max drawdown (400d)	-98.4%	-46.0%
Risk-adjusted return (90d)	-0.01	-0.08

Relative strength over 90 days: FARTCOIN outperformed CONVICTION by 47.4% — measured on the CONVICTION/FARTCOIN ratio, so it holds regardless of market direction.

conviction →Fartcoin →