Project89 [OLD] vs Fartcoin

Fartcoin (FARTCOIN) is 2074.6× the size of Project89 [OLD] (PROJECT89) by market capitalisation. Over the past 30 days, FARTCOIN is ahead by 10.1 percentage points (PROJECT89 -22.0% against FARTCOIN -11.9%). Their daily returns move barely together (correlation 0.14 across 23 shared trading days). FARTCOIN has been the more volatile of the two, at 155% annualised against PROJECT89's 46%.

Correlation: 0.14
Size ratio: 1 : 2074.6
Ahead over 30 days: FARTCOIN

Project89 [OLD]PROJECT89

$5.535e-5

24h: —
Market cap: $55,344
Volume 24h: —
Volatility (ann.): 46%

FartcoinFARTCOIN

$0.114829

24h: -11.41%
Market cap: $114.82M
Volume 24h: $12.90M
Volatility (ann.): 155%

PROJECT89 0.0%Share of the two combined market caps100.0% FARTCOIN

Performance

PROJECT89FARTCOIN

7 days-5.52%-6.26%PROJECT89
30 days-21.99%-11.87%FARTCOIN

Correlation

0.14over 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	PROJECT89	FARTCOIN
Max drawdown (400d)	-29.0%	-46.0%
Risk-adjusted return (90d)	-0.53	-0.08

Relative strength over 90 days: PROJECT89 outperformed FARTCOIN by 15.3% — measured on the PROJECT89/FARTCOIN ratio, so it holds regardless of market direction.

Project89 [OLD] →Fartcoin →