Digital Oil Memecoin vs Fartcoin

Fartcoin (FARTCOIN) is 1251.2× the size of Digital Oil Memecoin (OIL) by market capitalisation. Over the past 30 days, FARTCOIN is ahead by 21.5 percentage points (OIL -33.4% against FARTCOIN -11.9%). Their daily returns move barely together (correlation 0.08 across 23 shared trading days). FARTCOIN has been the more volatile of the two, at 155% annualised against OIL's 112%.

Correlation: 0.08
Size ratio: 1 : 1251.2
Ahead over 30 days: FARTCOIN

Digital Oil MemecoinOIL

$9.262e-5

24h: +1.61%
Market cap: $92,401
Volume 24h: $1,208
Volatility (ann.): 112%

FartcoinFARTCOIN

$0.115450

24h: -8.74%
Market cap: $115.62M
Volume 24h: $13.59M
Volatility (ann.): 155%

OIL 0.1%Share of the two combined market caps99.9% FARTCOIN

Performance

OILFARTCOIN

7 days-5.82%-6.26%OIL
30 days-33.41%-11.87%FARTCOIN

Correlation

0.08over 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	OIL	FARTCOIN
Max drawdown (400d)	-34.9%	-46.0%
Risk-adjusted return (90d)	-0.29	-0.08

Relative strength over 90 days: OIL outperformed FARTCOIN by 27.7% — measured on the OIL/FARTCOIN ratio, so it holds regardless of market direction.

Digital Oil Memecoin →Fartcoin →