SNAP vs Fartcoin

Fartcoin (FARTCOIN) is 40.6× the size of SNAP ($NAP) by market capitalisation. Over the past 30 days, $NAP is ahead by 7.5 percentage points ($NAP -9.2% against FARTCOIN -16.8%). Their daily returns move very closely together (correlation 0.93 across 31 shared trading days). FARTCOIN has been the more volatile of the two, at 156% annualised against $NAP's 79%.

Correlation: 0.93
Size ratio: 1 : 40.6
Ahead over 30 days: $NAP

SNAP$NAP

$1.870e-6

24h: -0.49%
Market cap: $3.07M
Volume 24h: $90
Volatility (ann.): 79%

FartcoinFARTCOIN

$0.124528

24h: +5.45%
Market cap: $124.51M
Volume 24h: $13.97M
Volatility (ann.): 156%

$NAP 2.4%Share of the two combined market caps97.6% FARTCOIN

Performance

$NAPFARTCOIN

7 days-7.74%-8.30%$NAP
30 days-9.24%-16.75%$NAP

Correlation

0.93over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.9390d: 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	$NAP	FARTCOIN
Max drawdown (400d)	-24.1%	-46.0%
Risk-adjusted return (90d)	-0.15	-0.11

Relative strength over 90 days: $NAP outperformed FARTCOIN by 32.8% — measured on the $NAP/FARTCOIN ratio, so it holds regardless of market direction.

SNAP →Fartcoin →