Molecule vs Fartcoin

Fartcoin (FARTCOIN) is 7094.9× the size of Molecule (MOLECULE) by market capitalisation. Over the past 30 days, FARTCOIN is ahead by 17.9 percentage points (MOLECULE -29.7% against FARTCOIN -11.9%). Their daily returns move barely together (correlation 0.08 across 23 shared trading days). FARTCOIN has been the more volatile of the two, at 155% annualised against MOLECULE's 132%.

Correlation: 0.08
Size ratio: 1 : 7094.9
Ahead over 30 days: FARTCOIN

MoleculeMOLECULE

$3.936e-13

24h: +2.99%
Market cap: $16,512
Volume 24h: $52
Volatility (ann.): 132%

FartcoinFARTCOIN

$0.117188

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

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

Performance

MOLECULEFARTCOIN

7 days-10.05%-6.26%FARTCOIN
30 days-29.72%-11.87%FARTCOIN

Correlation

0.08over 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	MOLECULE	FARTCOIN
Max drawdown (400d)	-42.1%	-46.0%
Risk-adjusted return (90d)	-0.25	-0.08

Relative strength over 90 days: FARTCOIN outperformed MOLECULE by 6.3% — measured on the MOLECULE/FARTCOIN ratio, so it holds regardless of market direction.

Molecule →Fartcoin →