Magnet vs Fartcoin

Fartcoin (FARTCOIN) is 3466.8× the size of Magnet (MAGNET) by market capitalisation. Over the past 30 days, FARTCOIN is ahead by 33.2 percentage points (MAGNET -45.1% against FARTCOIN -11.9%). Their daily returns move barely together (correlation 0.31 across 22 shared trading days). FARTCOIN has been the more volatile of the two, at 155% annualised against MAGNET's 74%.

Correlation: 0.31
Size ratio: 1 : 3466.8
Ahead over 30 days: FARTCOIN

MagnetMAGNET

$3.276e-5

24h: —
Market cap: $32,742
Volume 24h: $284
Volatility (ann.): 74%

FartcoinFARTCOIN

$0.113520

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

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

Performance

MAGNETFARTCOIN

7 days-18.65%-6.26%FARTCOIN
30 days-45.07%-11.87%FARTCOIN

Correlation

0.31over 22 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	MAGNET	FARTCOIN
Max drawdown (400d)	-45.1%	-46.0%
Risk-adjusted return (90d)	-0.58	-0.08

Relative strength over 90 days: FARTCOIN outperformed MAGNET by 8.3% — measured on the MAGNET/FARTCOIN ratio, so it holds regardless of market direction.

Magnet →Fartcoin →