WATER Coin vs Fartcoin

Fartcoin (FARTCOIN) is 402.5× the size of WATER Coin (WATER) by market capitalisation. Over the past 30 days, FARTCOIN is ahead by 9.5 percentage points (WATER -21.4% against FARTCOIN -11.9%). Their daily returns move loosely together (correlation 0.50 across 23 shared trading days). FARTCOIN has been the more volatile of the two, at 155% annualised against WATER's 52%.

Correlation: 0.50
Size ratio: 1 : 402.5
Ahead over 30 days: FARTCOIN

WATER CoinWATER

$4.250e-6

24h: +4.55%
Market cap: $310,818
Volume 24h: $225
Volatility (ann.): 52%

FartcoinFARTCOIN

$0.125097

24h: +1.57%
Market cap: $125.11M
Volume 24h: $14.81M
Volatility (ann.): 155%

WATER 0.2%Share of the two combined market caps99.8% FARTCOIN

Performance

WATERFARTCOIN

7 days-8.61%-6.26%FARTCOIN
30 days-21.42%-11.87%FARTCOIN

Correlation

0.50over 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	WATER	FARTCOIN
Max drawdown (400d)	-26.5%	-46.0%
Risk-adjusted return (90d)	-0.40	-0.08

Relative strength over 90 days: WATER outperformed FARTCOIN by 14.1% — measured on the WATER/FARTCOIN ratio, so it holds regardless of market direction.

WATER Coin →Fartcoin →