Waffles vs Fartcoin

Fartcoin (FARTCOIN) is 277.0× the size of Waffles (WAFFLES) by market capitalisation. Over the past 30 days, FARTCOIN is ahead by 14.5 percentage points (WAFFLES -31.2% against FARTCOIN -16.8%). Their daily returns move barely together (correlation 0.20 across 22 shared trading days). FARTCOIN has been the more volatile of the two, at 156% annualised against WAFFLES's 73%.

Correlation: 0.20
Size ratio: 1 : 277.0
Ahead over 30 days: FARTCOIN

WafflesWAFFLES

$0.000457

24h: +2.16%
Market cap: $456,087
Volume 24h: $1,941
Volatility (ann.): 73%

FartcoinFARTCOIN

$0.126329

24h: +7.12%
Market cap: $126.34M
Volume 24h: $16.91M
Volatility (ann.): 156%

WAFFLES 0.4%Share of the two combined market caps99.6% FARTCOIN

Performance

WAFFLESFARTCOIN

7 days-8.25%-8.30%WAFFLES
30 days-31.23%-16.75%FARTCOIN

Correlation

0.20over 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	WAFFLES	FARTCOIN
Max drawdown (400d)	-36.4%	-46.0%
Risk-adjusted return (90d)	-0.45	-0.11

Relative strength over 90 days: WAFFLES outperformed FARTCOIN by 13.1% — measured on the WAFFLES/FARTCOIN ratio, so it holds regardless of market direction.

Waffles →Fartcoin →