Nietzschean Penguin vs Fartcoin

Fartcoin (FARTCOIN) is 303.7× the size of Nietzschean Penguin (PENGUIN) by market capitalisation. Over the past 30 days, FARTCOIN is ahead by 27.1 percentage points (PENGUIN -43.8% against FARTCOIN -16.8%). Their daily returns move loosely together (correlation 0.36 across 21 shared trading days). Both have run at a similar volatility, around 149% annualised.

Correlation: 0.36
Size ratio: 1 : 303.7
Ahead over 30 days: FARTCOIN

Nietzschean PenguinPENGUIN

$0.000410

24h: -0.95%
Market cap: $409,939
Volume 24h: $395,331
Volatility (ann.): 143%

FartcoinFARTCOIN

$0.124528

24h: +5.45%
Market cap: $124.51M
Volume 24h: $13.97M
Volatility (ann.): 156%

PENGUIN 0.3%Share of the two combined market caps99.7% FARTCOIN

Performance

PENGUINFARTCOIN

7 days-9.28%-8.30%FARTCOIN
30 days-43.81%-16.75%FARTCOIN

Correlation

0.36over 21 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	PENGUIN	FARTCOIN
Max drawdown (400d)	-43.8%	-46.0%
Risk-adjusted return (90d)	-0.31	-0.11

Relative strength over 90 days: FARTCOIN outperformed PENGUIN by 39.2% — measured on the PENGUIN/FARTCOIN ratio, so it holds regardless of market direction.

Nietzschean Penguin →Fartcoin →