Justice for HeeHaw vs Fartcoin

Fartcoin (FARTCOIN) is 648.4× the size of Justice for HeeHaw (HEEHAW) by market capitalisation. Over the past 30 days, FARTCOIN is ahead by 74.2 percentage points (HEEHAW -91.0% against FARTCOIN -16.8%). Their daily returns move barely in opposite directions (correlation -0.16 across 20 shared trading days). HEEHAW has been the more volatile of the two, at 676% annualised against FARTCOIN's 156%.

Correlation: -0.16
Size ratio: 1 : 648.4
Ahead over 30 days: FARTCOIN

Justice for HeeHawHEEHAW

$0.000194

24h: -4.88%
Market cap: $189,699
Volume 24h: $41,442
Volatility (ann.): 676%

FartcoinFARTCOIN

$0.123005

24h: +6.90%
Market cap: $123.00M
Volume 24h: $12.05M
Volatility (ann.): 156%

HEEHAW 0.2%Share of the two combined market caps99.8% FARTCOIN

Performance

HEEHAWFARTCOIN

7 days-21.73%-8.30%FARTCOIN
30 days-90.96%-16.75%FARTCOIN

Correlation

-0.16over 20 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	HEEHAW	FARTCOIN
Max drawdown (400d)	-92.2%	-46.0%
Risk-adjusted return (90d)	-0.13	-0.11

Relative strength over 90 days: FARTCOIN outperformed HEEHAW by 90.3% — measured on the HEEHAW/FARTCOIN ratio, so it holds regardless of market direction.

Justice for HeeHaw →Fartcoin →