RIDES.com vs Fake World Assets

Fake World Assets (FWA) is 180.6× the size of RIDES.com (RIDES.COM) by market capitalisation. Over the past 30 days, RIDES.COM is ahead by 61.6 percentage points (RIDES.COM -1.5% against FWA -63.1%). Their daily returns move barely in opposite directions (correlation -0.04 across 25 shared trading days). FWA has been the more volatile of the two, at 355% annualised against RIDES.COM's 48%.

Correlation: -0.04
Size ratio: 1 : 180.6
Ahead over 30 days: RIDES.COM

RIDES.comRIDES.COM

$0.109754

24h: -0.36%
Market cap: $24,237
Volume 24h: $311
Volatility (ann.): 48%

Fake World AssetsFWA

$0.004425

24h: -11.97%
Market cap: $4.38M
Volume 24h: $21,646
Volatility (ann.): 355%

RIDES.COM 0.6%Share of the two combined market caps99.4% FWA

Performance

RIDES.COMFWA

7 days-1.91%-29.41%RIDES.COM
30 days-1.52%-63.15%RIDES.COM

Correlation

-0.04over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0490d: 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	RIDES.COM	FWA
Max drawdown (400d)	-8.3%	-81.1%
Risk-adjusted return (90d)	-0.03	-0.20

Relative strength over 90 days: FWA outperformed RIDES.COM by 25.8% — measured on the RIDES.COM/FWA ratio, so it holds regardless of market direction.

RIDES.com →Fake World Assets →