Hearing things vs Fartcoin

Fartcoin (FARTCOIN) is 9805.7× the size of Hearing things (HEARING) by market capitalisation. Over the past 30 days, FARTCOIN is ahead by 9.5 percentage points (HEARING -21.4% against FARTCOIN -11.9%). Their daily returns move barely together (correlation 0.16 across 21 shared trading days). Both have run at a similar volatility, around 152% annualised.

Correlation: 0.16
Size ratio: 1 : 9805.7
Ahead over 30 days: FARTCOIN

Hearing thingsHEARING

$1.160e-5

24h: +0.04%
Market cap: $11,576
Volume 24h: $108
Volatility (ann.): 149%

FartcoinFARTCOIN

$0.113520

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

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

Performance

HEARINGFARTCOIN

7 days-1.35%-6.26%HEARING
30 days-21.36%-11.87%FARTCOIN

Correlation

0.16over 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	HEARING	FARTCOIN
Max drawdown (400d)	-29.0%	-46.0%
Risk-adjusted return (90d)	-0.14	-0.08

Relative strength over 90 days: HEARING outperformed FARTCOIN by 21.8% — measured on the HEARING/FARTCOIN ratio, so it holds regardless of market direction.

Hearing things →Fartcoin →