Abelian vs Canton

Canton (CC) is 232.2× the size of Abelian (ABEL) by market capitalisation. Over the past 30 days, ABEL is ahead by 5.6 percentage points (ABEL +5.0% against CC -0.5%). Their daily returns move barely together (correlation 0.09 across 22 shared trading days). CC has been the more volatile of the two, at 126% annualised against ABEL's 75%.

Correlation: 0.09
Size ratio: 1 : 232.2
Ahead over 30 days: ABEL

AbelianABEL

$0.117261

24h: +0.89%
Market cap: $16.97M
Volume 24h: $14,511
Volatility (ann.): 75%

CantonCC

$0.098523

24h: +1.57%
Market cap: $3.94B
Volume 24h: $14.96M
Volatility (ann.): 126%

ABEL 0.4%Share of the two combined market caps99.6% CC

Performance

ABELCC

7 days-9.28%-2.16%CC
30 days+5.03%-0.52%ABEL

Correlation

0.09over 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	ABEL	CC
Max drawdown (400d)	-15.2%	-30.6%
Risk-adjusted return (90d)	0.07	0.01

Relative strength over 90 days: CC outperformed ABEL by 4.7% — measured on the ABEL/CC ratio, so it holds regardless of market direction.

Abelian →Canton →