Concordium vs Canton

Canton (CC) is 134.6× the size of Concordium (CCD) by market capitalisation. Over the past 30 days, CC is ahead by 37.0 percentage points (CCD -33.1% against CC +3.9%). Their daily returns move loosely together (correlation 0.55 across 49 shared trading days). CC has been the more volatile of the two, at 125% annualised against CCD's 92%.

Correlation: 0.55
Size ratio: 1 : 134.6
Ahead over 30 days: CC

ConcordiumCCD

$0.002430

24h: -7.83%
Market cap: $31.04M
Volume 24h: $214,323
Volatility (ann.): 92%

CantonCC

$0.104462

24h: +6.42%
Market cap: $4.18B
Volume 24h: $16.37M
Volatility (ann.): 125%

CCD 0.7%Share of the two combined market caps99.3% CC

Performance

CCDCC

7 days-21.37%-1.76%CC
30 days-33.06%+3.94%CC

Correlation

0.55over 49 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6090d: 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	CCD	CC
Max drawdown (400d)	-41.3%	-30.6%
Risk-adjusted return (90d)	-0.33	0.04

Relative strength over 90 days: CC outperformed CCD by 25.0% — measured on the CCD/CC ratio, so it holds regardless of market direction.

Concordium →Canton →