Stairway to gold vs Fartcoin

Fartcoin (FARTCOIN) is 11.7× the size of Stairway to gold (GOLD) by market capitalisation. Over the past 30 days, GOLD is ahead by 112.8 percentage points (GOLD +96.1% against FARTCOIN -16.8%). Their daily returns move closely together (correlation 0.63 across 33 shared trading days). GOLD has been the more volatile of the two, at 218% annualised against FARTCOIN's 156%.

Correlation: 0.63
Size ratio: 1 : 11.7
Ahead over 30 days: GOLD

Stairway to goldGOLD

$0.010227

24h: -0.40%
Market cap: $10.22M
Volume 24h: $14,916
Volatility (ann.): 218%

FartcoinFARTCOIN

$0.119847

24h: +1.70%
Market cap: $119.84M
Volume 24h: $11.77M
Volatility (ann.): 156%

GOLD 7.9%Share of the two combined market caps92.1% FARTCOIN

Performance

GOLDFARTCOIN

7 days-5.40%-8.30%GOLD
30 days+96.06%-16.75%GOLD

Correlation

0.63over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6390d: 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	GOLD	FARTCOIN
Max drawdown (400d)	-23.4%	-46.0%
Risk-adjusted return (90d)	0.31	-0.11

Relative strength over 90 days: GOLD outperformed FARTCOIN by 174.2% — measured on the GOLD/FARTCOIN ratio, so it holds regardless of market direction.

Stairway to gold →Fartcoin →