Topless vs Fartcoin

Fartcoin (FARTCOIN) is 13597.5× the size of Topless (TOPLESS) by market capitalisation. Over the past 30 days, FARTCOIN is ahead by 3.3 percentage points (TOPLESS -15.2% against FARTCOIN -11.9%). Their daily returns move barely in opposite directions (correlation -0.17 across 22 shared trading days). TOPLESS has been the more volatile of the two, at 245% annualised against FARTCOIN's 155%.

Correlation: -0.17
Size ratio: 1 : 13597.5
Ahead over 30 days: FARTCOIN

ToplessTOPLESS

$8.810e-6

24h: +2.30%
Market cap: $8,792
Volume 24h: $10
Volatility (ann.): 245%

FartcoinFARTCOIN

$0.119561

24h: -2.17%
Market cap: $119.55M
Volume 24h: $14.54M
Volatility (ann.): 155%

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

Performance

TOPLESSFARTCOIN

7 days+3.36%-6.26%TOPLESS
30 days-15.19%-11.87%FARTCOIN

Correlation

-0.17over 22 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	TOPLESS	FARTCOIN
Max drawdown (400d)	-48.1%	-46.0%
Risk-adjusted return (90d)	-0.10	-0.08

Relative strength over 90 days: FARTCOIN outperformed TOPLESS by 30.2% — measured on the TOPLESS/FARTCOIN ratio, so it holds regardless of market direction.

Topless →Fartcoin →