The Spirit of Gambling vs Fartcoin

Fartcoin (FARTCOIN) is 112.3× the size of The Spirit of Gambling (TOKABU) by market capitalisation. Over the past 30 days, FARTCOIN is ahead by 15.0 percentage points (TOKABU -31.8% against FARTCOIN -16.8%). Their daily returns move barely together (correlation 0.29 across 29 shared trading days). Both have run at a similar volatility, around 154% annualised.

Correlation: 0.29
Size ratio: 1 : 112.3
Ahead over 30 days: FARTCOIN

The Spirit of GamblingTOKABU

$0.001151

24h: -10.96%
Market cap: $1.15M
Volume 24h: $81,596
Volatility (ann.): 151%

FartcoinFARTCOIN

$0.128984

24h: +8.19%
Market cap: $129.04M
Volume 24h: $15.88M
Volatility (ann.): 156%

TOKABU 0.9%Share of the two combined market caps99.1% FARTCOIN

Performance

TOKABUFARTCOIN

7 days-45.67%-8.30%FARTCOIN
30 days-31.78%-16.75%FARTCOIN

Correlation

0.29over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2990d: 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	TOKABU	FARTCOIN
Max drawdown (400d)	-45.7%	-46.0%
Risk-adjusted return (90d)	-0.29	-0.11

Relative strength over 90 days: FARTCOIN outperformed TOKABU by 16.7% — measured on the TOKABU/FARTCOIN ratio, so it holds regardless of market direction.

The Spirit of Gambling →Fartcoin →