Moo Deng vs Fartcoin

Fartcoin (FARTCOIN) is 3.5× the size of Moo Deng (MOODENG) by market capitalisation. Over the past 30 days, MOODENG is ahead by 0.6 percentage points (MOODENG -11.3% against FARTCOIN -11.9%). Their daily returns move very closely together (correlation 0.86 across 50 shared trading days). FARTCOIN has been the more volatile of the two, at 155% annualised against MOODENG's 99%.

Correlation: 0.86
Size ratio: 1 : 3.5
Ahead over 30 days: MOODENG

Moo DengMOODENG

$0.032434

24h: -8.21%
Market cap: $32.11M
Volume 24h: $6.63M
Volatility (ann.): 99%

FartcoinFARTCOIN

$0.113916

24h: -8.70%
Market cap: $113.91M
Volume 24h: $15.21M
Volatility (ann.): 155%

MOODENG 22.0%Share of the two combined market caps78.0% FARTCOIN

Performance

MOODENGFARTCOIN

7 days-8.78%-6.26%FARTCOIN
30 days-11.31%-11.87%MOODENG

Correlation

0.86over 50 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.9290d: 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	MOODENG	FARTCOIN
Max drawdown (400d)	-32.2%	-46.0%
Risk-adjusted return (90d)	-0.25	-0.08

Relative strength over 90 days: MOODENG outperformed FARTCOIN by 16.4% — measured on the MOODENG/FARTCOIN ratio, so it holds regardless of market direction.

Moo Deng →Fartcoin →