level941 vs Fartcoin

Fartcoin (FARTCOIN) is 3066.0× the size of level941 (PIGEON) by market capitalisation. Over the past 30 days, FARTCOIN is ahead by 23.6 percentage points (PIGEON -35.5% against FARTCOIN -11.9%). Their daily returns move barely together (correlation 0.27 across 23 shared trading days). FARTCOIN has been the more volatile of the two, at 155% annualised against PIGEON's 61%.

Correlation: 0.27
Size ratio: 1 : 3066.0
Ahead over 30 days: FARTCOIN

level941PIGEON

$3.804e-5

24h: +4.58%
Market cap: $37,449
Volume 24h: $11
Volatility (ann.): 61%

FartcoinFARTCOIN

$0.114829

24h: -11.41%
Market cap: $114.82M
Volume 24h: $12.90M
Volatility (ann.): 155%

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

Performance

PIGEONFARTCOIN

7 days-10.47%-6.26%FARTCOIN
30 days-35.52%-11.87%FARTCOIN

Correlation

0.27over 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	PIGEON	FARTCOIN
Max drawdown (400d)	-39.2%	-46.0%
Risk-adjusted return (90d)	-0.63	-0.08

Relative strength over 90 days: PIGEON outperformed FARTCOIN by 3.1% — measured on the PIGEON/FARTCOIN ratio, so it holds regardless of market direction.

level941 →Fartcoin →