CANA Holdings California Carbon Credits vs Figure Heloc

Figure Heloc (FIGR_HELOC) is 42411.0× the size of CANA Holdings California Carbon Credits (CANA) by market capitalisation. Over the past 30 days, CANA is ahead by 4.8 percentage points (CANA +7.5% against FIGR_HELOC +2.7%). Their daily returns move barely in opposite directions (correlation -0.20 across 21 shared trading days). CANA has been the more volatile of the two, at 127% annualised against FIGR_HELOC's 52%.

Correlation: -0.20
Size ratio: 1 : 42411.0
Ahead over 30 days: CANA

CANA Holdings California Carbon CreditsCANA

$20.5300

24h: —
Market cap: $633,074
Volume 24h: —
Volatility (ann.): 127%

Figure HelocFIGR_HELOC

$1.0300

24h: -0.19%
Market cap: $26.85B
Volume 24h: $481.28M
Volatility (ann.): 52%

CANA 0.0%Share of the two combined market caps100.0% FIGR_HELOC

Performance

CANAFIGR_HELOC

7 days-22.09%+0.19%FIGR_HELOC
30 days+7.46%+2.69%CANA

Correlation

-0.20over 21 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	CANA	FIGR_HELOC
Max drawdown (400d)	-27.0%	-5.5%
Risk-adjusted return (90d)	-0.02	0.05

Relative strength over 90 days: FIGR_HELOC outperformed CANA by 0.2% — measured on the CANA/FIGR_HELOC ratio, so it holds regardless of market direction.

CANA Holdings California Carbon Credits →Figure Heloc →