Hege vs Fartcoin

Fartcoin (FARTCOIN) is 92.5× the size of Hege (HEGE) by market capitalisation. Over the past 30 days, FARTCOIN is ahead by 12.5 percentage points (HEGE -29.2% against FARTCOIN -16.8%). Their daily returns move closely together (correlation 0.81 across 31 shared trading days). FARTCOIN has been the more volatile of the two, at 156% annualised against HEGE's 128%.

Correlation: 0.81
Size ratio: 1 : 92.5
Ahead over 30 days: FARTCOIN

HegeHEGE

$0.001299

24h: +0.70%
Market cap: $1.30M
Volume 24h: $1,766
Volatility (ann.): 128%

FartcoinFARTCOIN

$0.120178

24h: +1.72%
Market cap: $120.13M
Volume 24h: $11.65M
Volatility (ann.): 156%

HEGE 1.1%Share of the two combined market caps98.9% FARTCOIN

Performance

HEGEFARTCOIN

7 days-19.43%-8.30%FARTCOIN
30 days-29.23%-16.75%FARTCOIN

Correlation

0.81over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.8190d: 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	HEGE	FARTCOIN
Max drawdown (400d)	-41.1%	-46.0%
Risk-adjusted return (90d)	-0.23	-0.11

Relative strength over 90 days: HEGE outperformed FARTCOIN by 6.9% — measured on the HEGE/FARTCOIN ratio, so it holds regardless of market direction.

Hege →Fartcoin →