MEMIPEDE vs Fartcoin

Fartcoin (FARTCOIN) is 9069.3× the size of MEMIPEDE (MEMIPEDE) by market capitalisation. Over the past 30 days, FARTCOIN is ahead by 16.0 percentage points (MEMIPEDE -38.1% against FARTCOIN -22.1%). Their daily returns move barely together (correlation 0.27 across 24 shared trading days). FARTCOIN has been the more volatile of the two, at 155% annualised against MEMIPEDE's 89%.

Correlation: 0.27
Size ratio: 1 : 9069.3
Ahead over 30 days: FARTCOIN

MEMIPEDEMEMIPEDE

$1.328e-5

24h: +24.93%
Market cap: $13,278
Volume 24h: $7,938
Volatility (ann.): 89%

FartcoinFARTCOIN

$0.120431

24h: -2.57%
Market cap: $120.42M
Volume 24h: $17.12M
Volatility (ann.): 155%

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

Performance

MEMIPEDEFARTCOIN

7 days-9.14%-4.91%FARTCOIN
30 days-38.09%-22.08%FARTCOIN

Correlation

0.27over 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	MEMIPEDE	FARTCOIN
Max drawdown (400d)	-41.6%	-47.4%
Risk-adjusted return (90d)	-0.32	-0.13

Relative strength over 90 days: MEMIPEDE outperformed FARTCOIN by 0.3% — measured on the MEMIPEDE/FARTCOIN ratio, so it holds regardless of market direction.

MEMIPEDE →Fartcoin →