Sheepcoin vs Fartcoin

Fartcoin (FARTCOIN) is 9258.4× the size of Sheepcoin (SHEEP) by market capitalisation. Over the past 30 days, FARTCOIN is ahead by 23.4 percentage points (SHEEP -45.5% against FARTCOIN -22.1%). Their daily returns move barely together (correlation 0.09 across 24 shared trading days). SHEEP has been the more volatile of the two, at 200% annualised against FARTCOIN's 155%.

Correlation: 0.09
Size ratio: 1 : 9258.4
Ahead over 30 days: FARTCOIN

SheepcoinSHEEP

$1.318e-5

24h: -11.02%
Market cap: $12,823
Volume 24h: $389
Volatility (ann.): 200%

FartcoinFARTCOIN

$0.118732

24h: -5.23%
Market cap: $118.72M
Volume 24h: $16.69M
Volatility (ann.): 155%

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

Performance

SHEEPFARTCOIN

7 days-6.60%-4.91%FARTCOIN
30 days-45.47%-22.08%FARTCOIN

Correlation

0.09over 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	SHEEP	FARTCOIN
Max drawdown (400d)	-50.7%	-47.4%
Risk-adjusted return (90d)	-0.22	-0.13

Relative strength over 90 days: FARTCOIN outperformed SHEEP by 8.4% — measured on the SHEEP/FARTCOIN ratio, so it holds regardless of market direction.

Sheepcoin →Fartcoin →