Opium Bird vs Fartcoin

Fartcoin (FARTCOIN) is 392.1× the size of Opium Bird (OPIUMBIRD) by market capitalisation. Their daily returns move barely together (correlation 0.20 across 35 shared trading days). OPIUMBIRD has been the more volatile of the two, at 259% annualised against FARTCOIN's 155%.

Correlation: 0.20
Size ratio: 1 : 392.1

Opium BirdOPIUMBIRD

$0.000316

24h: +1.17%
Market cap: $315,639
Volume 24h: $17,148
Volatility (ann.): 259%

FartcoinFARTCOIN

$0.123776

24h: +0.67%
Market cap: $123.77M
Volume 24h: $14.63M
Volatility (ann.): 155%

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

Performance

OPIUMBIRDFARTCOIN

7 days+4.20%-6.26%OPIUMBIRD
30 days-7.91%-11.87%OPIUMBIRD
90 days+160.45%——

Correlation

0.20over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1990d: 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	OPIUMBIRD	FARTCOIN
Max drawdown (400d)	-45.9%	-46.0%
Risk-adjusted return (90d)	0.66	-0.08

Relative strength over 90 days: FARTCOIN outperformed OPIUMBIRD by 12.4% — measured on the OPIUMBIRD/FARTCOIN ratio, so it holds regardless of market direction.

Opium Bird →Fartcoin →