The Little Trencher Who Couldn’t vs Fartcoin

Fartcoin (FARTCOIN) is 19219.8× the size of The Little Trencher Who Couldn’t (ENGINE) by market capitalisation. Over the past 30 days, FARTCOIN is ahead by 16.3 percentage points (ENGINE -28.2% against FARTCOIN -11.9%). Their daily returns move barely together (correlation 0.34 across 23 shared trading days). ENGINE has been the more volatile of the two, at 310% annualised against FARTCOIN's 155%.

Correlation: 0.34
Size ratio: 1 : 19219.8
Ahead over 30 days: FARTCOIN

The Little Trencher Who Couldn’tENGINE

$6.500e-6

24h: —
Market cap: $6,502
Volume 24h: —
Volatility (ann.): 310%

FartcoinFARTCOIN

$0.124962

24h: +1.80%
Market cap: $124.97M
Volume 24h: $15.03M
Volatility (ann.): 155%

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

Performance

ENGINEFARTCOIN

7 days-21.65%-6.26%FARTCOIN
30 days-28.21%-11.87%FARTCOIN

Correlation

0.34over 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	ENGINE	FARTCOIN
Max drawdown (400d)	-53.8%	-46.0%
Risk-adjusted return (90d)	-0.09	-0.08

Relative strength over 90 days: ENGINE outperformed FARTCOIN by 4.7% — measured on the ENGINE/FARTCOIN ratio, so it holds regardless of market direction.

The Little Trencher Who Couldn’t →Fartcoin →