The Patriotic Duck vs Fartcoin

Fartcoin (FARTCOIN) is 16384.4× the size of The Patriotic Duck (MERLIN) by market capitalisation. Over the past 30 days, FARTCOIN is ahead by 12.9 percentage points (MERLIN -24.8% against FARTCOIN -11.9%). Their daily returns move loosely together (correlation 0.46 across 20 shared trading days). FARTCOIN has been the more volatile of the two, at 155% annualised against MERLIN's 58%.

Correlation: 0.46
Size ratio: 1 : 16384.4
Ahead over 30 days: FARTCOIN

The Patriotic DuckMERLIN

$7.060e-6

24h: +1.44%
Market cap: $7,057
Volume 24h: $2
Volatility (ann.): 58%

FartcoinFARTCOIN

$0.115450

24h: -8.74%
Market cap: $115.62M
Volume 24h: $13.59M
Volatility (ann.): 155%

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

Performance

MERLINFARTCOIN

7 days-8.68%-6.26%FARTCOIN
30 days-24.80%-11.87%FARTCOIN

Correlation

0.46over 20 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	MERLIN	FARTCOIN
Max drawdown (400d)	-26.9%	-46.0%
Risk-adjusted return (90d)	-0.39	-0.08

Relative strength over 90 days: MERLIN outperformed FARTCOIN by 12.1% — measured on the MERLIN/FARTCOIN ratio, so it holds regardless of market direction.

The Patriotic Duck →Fartcoin →