Running Away Balloon vs Fartcoin

Fartcoin (FARTCOIN) is 4012.0× the size of Running Away Balloon (BALLOON) by market capitalisation. Over the past 30 days, FARTCOIN is ahead by 35.2 percentage points (BALLOON -57.2% against FARTCOIN -22.1%). Their daily returns move closely together (correlation 0.75 across 29 shared trading days). BALLOON has been the more volatile of the two, at 500% annualised against FARTCOIN's 155%.

Correlation: 0.75
Size ratio: 1 : 4012.0
Ahead over 30 days: FARTCOIN

Running Away BalloonBALLOON

$2.940e-5

24h: -7.25%
Market cap: $29,396
Volume 24h: $185
Volatility (ann.): 500%

FartcoinFARTCOIN

$0.117947

24h: -5.87%
Market cap: $117.94M
Volume 24h: $15.96M
Volatility (ann.): 155%

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

Performance

BALLOONFARTCOIN

7 days-2.01%-4.91%BALLOON
30 days-57.24%-22.08%FARTCOIN

Correlation

0.75over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.7590d: 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	BALLOON	FARTCOIN
Max drawdown (400d)	-80.6%	-47.4%
Risk-adjusted return (90d)	-0.13	-0.13

Relative strength over 90 days: FARTCOIN outperformed BALLOON by 44.5% — measured on the BALLOON/FARTCOIN ratio, so it holds regardless of market direction.

Running Away Balloon →Fartcoin →