Magnetix vs Fartcoin

Fartcoin (FARTCOIN) is 1946.3× the size of Magnetix (MAG) by market capitalisation. Over the past 30 days, FARTCOIN is ahead by 13.3 percentage points (MAG -25.2% against FARTCOIN -11.9%). Their daily returns move barely together (correlation 0.15 across 21 shared trading days). FARTCOIN has been the more volatile of the two, at 155% annualised against MAG's 81%.

Correlation: 0.15
Size ratio: 1 : 1946.3
Ahead over 30 days: FARTCOIN

MagnetixMAG

$6.019e-5

24h: —
Market cap: $60,190
Volume 24h: $1
Volatility (ann.): 81%

FartcoinFARTCOIN

$0.117188

24h: -6.35%
Market cap: $117.15M
Volume 24h: $14.93M
Volatility (ann.): 155%

MAG 0.1%Share of the two combined market caps99.9% FARTCOIN

Performance

MAGFARTCOIN

7 days-10.09%-6.26%FARTCOIN
30 days-25.21%-11.87%FARTCOIN

Correlation

0.15over 21 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	MAG	FARTCOIN
Max drawdown (400d)	-25.2%	-46.0%
Risk-adjusted return (90d)	-0.27	-0.08

Relative strength over 90 days: FARTCOIN outperformed MAG by 2.4% — measured on the MAG/FARTCOIN ratio, so it holds regardless of market direction.

Magnetix →Fartcoin →