rainbowfish vs Fartcoin

Fartcoin (FARTCOIN) is 2540.5× the size of rainbowfish (FISH) by market capitalisation. Over the past 30 days, FARTCOIN is ahead by 17.9 percentage points (FISH -39.9% against FARTCOIN -22.1%). Their daily returns move barely in opposite directions (correlation -0.18 across 24 shared trading days). Both have run at a similar volatility, around 150% annualised.

Correlation: -0.18
Size ratio: 1 : 2540.5
Ahead over 30 days: FARTCOIN

rainbowfishFISH

$4.666e-5

24h: -5.59%
Market cap: $46,640
Volume 24h: $2
Volatility (ann.): 145%

FartcoinFARTCOIN

$0.118460

24h: -5.28%
Market cap: $118.49M
Volume 24h: $16.82M
Volatility (ann.): 155%

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

Performance

FISHFARTCOIN

7 days-11.50%-4.91%FARTCOIN
30 days-39.93%-22.08%FARTCOIN

Correlation

-0.18over 24 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	FISH	FARTCOIN
Max drawdown (400d)	-39.9%	-47.4%
Risk-adjusted return (90d)	-0.12	-0.13

Relative strength over 90 days: FISH outperformed FARTCOIN by 29.4% — measured on the FISH/FARTCOIN ratio, so it holds regardless of market direction.

rainbowfish →Fartcoin →