Nihilist Penguin vs Fartcoin

Fartcoin (FARTCOIN) is 5919.6× the size of Nihilist Penguin (PENGUIN) by market capitalisation. Over the past 30 days, FARTCOIN is ahead by 9.2 percentage points (PENGUIN -31.3% against FARTCOIN -22.1%). Their daily returns move barely together (correlation 0.17 across 21 shared trading days). FARTCOIN has been the more volatile of the two, at 155% annualised against PENGUIN's 52%.

Correlation: 0.17
Size ratio: 1 : 5919.6
Ahead over 30 days: FARTCOIN

Nihilist PenguinPENGUIN

$2.007e-5

24h: +0.75%
Market cap: $19,998
Volume 24h: $8
Volatility (ann.): 52%

FartcoinFARTCOIN

$0.118393

24h: -5.35%
Market cap: $118.38M
Volume 24h: $16.20M
Volatility (ann.): 155%

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

Performance

PENGUINFARTCOIN

7 days-0.60%-4.91%PENGUIN
30 days-31.30%-22.08%FARTCOIN

Correlation

0.17over 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)	-33.9%	-47.4%
Risk-adjusted return (90d)	-0.60	-0.13

Relative strength over 90 days: PENGUIN outperformed FARTCOIN by 10.9% — measured on the PENGUIN/FARTCOIN ratio, so it holds regardless of market direction.

Nihilist Penguin →Fartcoin →