Nitro vs Fartcoin

Fartcoin (FARTCOIN) is 555.2× the size of Nitro (NITRO) by market capitalisation. Over the past 30 days, FARTCOIN is ahead by 6.9 percentage points (NITRO -18.8% against FARTCOIN -11.9%). Their daily returns move barely together (correlation 0.13 across 28 shared trading days). NITRO has been the more volatile of the two, at 229% annualised against FARTCOIN's 155%.

Correlation: 0.13
Size ratio: 1 : 555.2
Ahead over 30 days: FARTCOIN

NitroNITRO

$5.342e-7

24h: +6.75%
Market cap: $224,342
Volume 24h: $13
Volatility (ann.): 229%

FartcoinFARTCOIN

$0.124557

24h: +3.26%
Market cap: $124.55M
Volume 24h: $15.89M
Volatility (ann.): 155%

NITRO 0.2%Share of the two combined market caps99.8% FARTCOIN

Performance

NITROFARTCOIN

7 days+13.42%-6.26%NITRO
30 days-18.80%-11.87%FARTCOIN

Correlation

0.13over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1390d: 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	NITRO	FARTCOIN
Max drawdown (400d)	-54.1%	-46.0%
Risk-adjusted return (90d)	-0.17	-0.08

Relative strength over 90 days: FARTCOIN outperformed NITRO by 16.3% — measured on the NITRO/FARTCOIN ratio, so it holds regardless of market direction.

Nitro →Fartcoin →