monkeyhaircut vs Fartcoin

Fartcoin (FARTCOIN) is 1565.5× the size of monkeyhaircut (MONK) by market capitalisation. Over the past 30 days, FARTCOIN is ahead by 18.8 percentage points (MONK -30.7% against FARTCOIN -11.9%). Their daily returns move barely in opposite directions (correlation -0.27 across 23 shared trading days). FARTCOIN has been the more volatile of the two, at 155% annualised against MONK's 67%.

Correlation: -0.27
Size ratio: 1 : 1565.5
Ahead over 30 days: FARTCOIN

monkeyhaircutMONK

$7.745e-5

24h: +0.71%
Market cap: $77,434
Volume 24h: $97
Volatility (ann.): 67%

FartcoinFARTCOIN

$0.121232

24h: +0.75%
Market cap: $121.22M
Volume 24h: $14.92M
Volatility (ann.): 155%

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

Performance

MONKFARTCOIN

7 days-3.53%-6.26%MONK
30 days-30.66%-11.87%FARTCOIN

Correlation

-0.27over 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	MONK	FARTCOIN
Max drawdown (400d)	-30.8%	-46.0%
Risk-adjusted return (90d)	-0.37	-0.08

Relative strength over 90 days: MONK outperformed FARTCOIN by 10.4% — measured on the MONK/FARTCOIN ratio, so it holds regardless of market direction.

monkeyhaircut →Fartcoin →