Fake World Assets vs PunkStrategy

PunkStrategy (PNKSTR) is 1.6× the size of Fake World Assets (FWA) by market capitalisation. Over the past 30 days, PNKSTR is ahead by 93.9 percentage points (FWA -63.3% against PNKSTR +30.6%). Their daily returns move loosely together (correlation 0.41 across 42 shared trading days). FWA has been the more volatile of the two, at 359% annualised against PNKSTR's 213%.

Correlation: 0.41
Size ratio: 1 : 1.6
Ahead over 30 days: PNKSTR

Fake World AssetsFWA

$0.004599

24h: -0.32%
Market cap: $4.55M
Volume 24h: $46,189
Volatility (ann.): 359%

PunkStrategyPNKSTR

$0.008415

24h: -3.46%
Market cap: $7.18M
Volume 24h: $23,744
Volatility (ann.): 213%

FWA 38.8%Share of the two combined market caps61.2% PNKSTR

Performance

FWAPNKSTR

7 days-28.32%-1.64%PNKSTR
30 days-63.30%+30.61%PNKSTR

Correlation

0.41over 42 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4790d: 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	FWA	PNKSTR
Max drawdown (400d)	-80.2%	-53.5%
Risk-adjusted return (90d)	-0.20	0.09

Relative strength over 90 days: PNKSTR outperformed FWA by 74.9% — measured on the FWA/PNKSTR ratio, so it holds regardless of market direction.

Fake World Assets →PunkStrategy →