Piñata vs Fartcoin

Fartcoin (FARTCOIN) is 3152.5× the size of Piñata (PINATA) by market capitalisation. Over the past 30 days, FARTCOIN is ahead by 41.2 percentage points (PINATA -53.1% against FARTCOIN -11.9%). Their daily returns move barely in opposite directions (correlation -0.02 across 23 shared trading days). PINATA has been the more volatile of the two, at 239% annualised against FARTCOIN's 155%.

Correlation: -0.02
Size ratio: 1 : 3152.5
Ahead over 30 days: FARTCOIN

PiñataPINATA

$4.013e-5

24h: +4.09%
Market cap: $38,549
Volume 24h: $11
Volatility (ann.): 239%

FartcoinFARTCOIN

$0.121535

24h: +0.81%
Market cap: $121.52M
Volume 24h: $14.78M
Volatility (ann.): 155%

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

Performance

PINATAFARTCOIN

7 days-26.45%-6.26%FARTCOIN
30 days-53.06%-11.87%FARTCOIN

Correlation

-0.02over 23 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	PINATA	FARTCOIN
Max drawdown (400d)	-87.3%	-46.0%
Risk-adjusted return (90d)	-0.35	-0.08

Relative strength over 90 days: FARTCOIN outperformed PINATA by 33.6% — measured on the PINATA/FARTCOIN ratio, so it holds regardless of market direction.

Piñata →Fartcoin →