Manifesting vs Fartcoin

Fartcoin (FARTCOIN) is 28.9× the size of Manifesting (MANIFEST) by market capitalisation. Over the past 30 days, FARTCOIN is ahead by 52.7 percentage points (MANIFEST -69.5% against FARTCOIN -16.8%). Their daily returns move closely together (correlation 0.74 across 24 shared trading days). MANIFEST has been the more volatile of the two, at 269% annualised against FARTCOIN's 156%.

Correlation: 0.74
Size ratio: 1 : 28.9
Ahead over 30 days: FARTCOIN

ManifestingMANIFEST

$0.004961

24h: +35.01%
Market cap: $4.46M
Volume 24h: $305,208
Volatility (ann.): 269%

FartcoinFARTCOIN

$0.129208

24h: +9.92%
Market cap: $129.20M
Volume 24h: $16.71M
Volatility (ann.): 156%

MANIFEST 3.3%Share of the two combined market caps96.7% FARTCOIN

Performance

MANIFESTFARTCOIN

7 days-64.66%-8.30%FARTCOIN
30 days-69.48%-16.75%FARTCOIN

Correlation

0.74over 24 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	MANIFEST	FARTCOIN
Max drawdown (400d)	-73.1%	-46.0%
Risk-adjusted return (90d)	-0.26	-0.11

Relative strength over 90 days: FARTCOIN outperformed MANIFEST by 52.9% — measured on the MANIFEST/FARTCOIN ratio, so it holds regardless of market direction.

Manifesting →Fartcoin →