Newbie vs Fartcoin

Fartcoin (FARTCOIN) is 7605.8× the size of Newbie (NEWBIE) by market capitalisation. Over the past 30 days, NEWBIE is ahead by 4.6 percentage points (NEWBIE -7.2% against FARTCOIN -11.9%). Their daily returns move barely together (correlation 0.23 across 22 shared trading days). FARTCOIN has been the more volatile of the two, at 155% annualised against NEWBIE's 89%.

Correlation: 0.23
Size ratio: 1 : 7605.8
Ahead over 30 days: NEWBIE

NewbieNEWBIE

$1.579e-5

24h: +8.22%
Market cap: $15,201
Volume 24h: $173
Volatility (ann.): 89%

FartcoinFARTCOIN

$0.115450

24h: -8.74%
Market cap: $115.62M
Volume 24h: $13.59M
Volatility (ann.): 155%

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

Performance

NEWBIEFARTCOIN

7 days+7.55%-6.26%NEWBIE
30 days-7.24%-11.87%NEWBIE

Correlation

0.23over 22 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	NEWBIE	FARTCOIN
Max drawdown (400d)	-31.4%	-46.0%
Risk-adjusted return (90d)	-0.04	-0.08

Relative strength over 90 days: NEWBIE outperformed FARTCOIN by 22.6% — measured on the NEWBIE/FARTCOIN ratio, so it holds regardless of market direction.

Newbie →Fartcoin →