POSITIONS vs Fartcoin

Fartcoin (FARTCOIN) is 835.9× the size of POSITIONS (POSITIONS) by market capitalisation. Over the past 30 days, POSITIONS is ahead by 66.0 percentage points (POSITIONS +54.1% against FARTCOIN -11.9%). Their daily returns move barely together (correlation 0.04 across 23 shared trading days). Both have run at a similar volatility, around 161% annualised.

Correlation: 0.04
Size ratio: 1 : 835.9
Ahead over 30 days: POSITIONS

POSITIONSPOSITIONS

$0.000145

24h: +10.83%
Market cap: $145,380
Volume 24h: $21,199
Volatility (ann.): 166%

FartcoinFARTCOIN

$0.121535

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

POSITIONS 0.1%Share of the two combined market caps99.9% FARTCOIN

Performance

POSITIONSFARTCOIN

7 days-1.28%-6.26%POSITIONS
30 days+54.12%-11.87%POSITIONS

Correlation

0.04over 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	POSITIONS	FARTCOIN
Max drawdown (400d)	-19.9%	-46.0%
Risk-adjusted return (90d)	0.34	-0.08

Relative strength over 90 days: POSITIONS outperformed FARTCOIN by 58.6% — measured on the POSITIONS/FARTCOIN ratio, so it holds regardless of market direction.

POSITIONS →Fartcoin →