ALEO vs Canton

Canton (CC) is 63.3× the size of ALEO (ALEO) by market capitalisation. Over the past 30 days, ALEO is ahead by 120.9 percentage points (ALEO +120.4% against CC -0.5%). Their daily returns move loosely together (correlation 0.47 across 34 shared trading days). ALEO has been the more volatile of the two, at 289% annualised against CC's 126%.

Correlation: 0.47
Size ratio: 1 : 63.3
Ahead over 30 days: ALEO

ALEOALEO

$0.039900

24h: +0.95%
Market cap: $61.62M
Volume 24h: $1.65M
Volatility (ann.): 289%

CantonCC

$0.097590

24h: +1.63%
Market cap: $3.90B
Volume 24h: $14.21M
Volatility (ann.): 126%

ALEO 1.6%Share of the two combined market caps98.4% CC

Performance

ALEOCC

7 days+22.73%-2.16%ALEO
30 days+120.41%-0.52%ALEO

Correlation

0.47over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4990d: 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	ALEO	CC
Max drawdown (400d)	-25.2%	-30.6%
Risk-adjusted return (90d)	0.42	0.01

Relative strength over 90 days: ALEO outperformed CC by 153.4% — measured on the ALEO/CC ratio, so it holds regardless of market direction.

ALEO →Canton →