Smoking Wizard vs Fartcoin

Fartcoin (FARTCOIN) is 743.3× the size of Smoking Wizard (WIZARD) by market capitalisation. Over the past 30 days, WIZARD is ahead by 8.1 percentage points (WIZARD -3.8% against FARTCOIN -11.9%). Their daily returns move barely together (correlation 0.33 across 23 shared trading days). Both have run at a similar volatility, around 152% annualised.

Correlation: 0.33
Size ratio: 1 : 743.3
Ahead over 30 days: WIZARD

Smoking WizardWIZARD

$0.000163

24h: -3.86%
Market cap: $163,092
Volume 24h: $17,380
Volatility (ann.): 149%

FartcoinFARTCOIN

$0.121232

24h: +0.75%
Market cap: $121.22M
Volume 24h: $14.92M
Volatility (ann.): 155%

WIZARD 0.1%Share of the two combined market caps99.9% FARTCOIN

Performance

WIZARDFARTCOIN

7 days-11.26%-6.26%FARTCOIN
30 days-3.80%-11.87%WIZARD

Correlation

0.33over 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	WIZARD	FARTCOIN
Max drawdown (400d)	-23.6%	-46.0%
Risk-adjusted return (90d)	-0.04	-0.08

Relative strength over 90 days: WIZARD outperformed FARTCOIN by 19.3% — measured on the WIZARD/FARTCOIN ratio, so it holds regardless of market direction.

Smoking Wizard →Fartcoin →