Justice for Wang Wang vs Fartcoin

Fartcoin (FARTCOIN) is 11800.6× the size of Justice for Wang Wang (旺旺) by market capitalisation. Over the past 30 days, FARTCOIN is ahead by 23.2 percentage points (旺旺 -35.1% against FARTCOIN -11.9%). Their daily returns move barely together (correlation 0.01 across 23 shared trading days). 旺旺 has been the more volatile of the two, at 239% annualised against FARTCOIN's 155%.

Correlation: 0.01
Size ratio: 1 : 11800.6
Ahead over 30 days: FARTCOIN

Justice for Wang Wang旺旺

$9.710e-6

24h: -2.00%
Market cap: $9,706
Volume 24h: $707
Volatility (ann.): 239%

FartcoinFARTCOIN

$0.114543

24h: -8.64%
Market cap: $114.53M
Volume 24h: $14.01M
Volatility (ann.): 155%

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

Performance

旺旺FARTCOIN

7 days-21.96%-6.26%FARTCOIN
30 days-35.06%-11.87%FARTCOIN

Correlation

0.01over 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	旺旺	FARTCOIN
Max drawdown (400d)	-55.7%	-46.0%
Risk-adjusted return (90d)	-0.23	-0.08

Relative strength over 90 days: 旺旺 outperformed FARTCOIN by 3.9% — measured on the 旺旺/FARTCOIN ratio, so it holds regardless of market direction.

Justice for Wang Wang →Fartcoin →