Memento vs Canton

Canton (CC) is 810.6× the size of Memento (DEXTF) by market capitalisation. Over the past 30 days, DEXTF is ahead by 46.3 percentage points (DEXTF +45.8% against CC -0.5%). Their daily returns move closely together (correlation 0.83 across 30 shared trading days). DEXTF has been the more volatile of the two, at 266% annualised against CC's 126%.

Correlation: 0.83
Size ratio: 1 : 810.6
Ahead over 30 days: DEXTF

MementoDEXTF

$0.060810

24h: -0.28%
Market cap: $4.91M
Volume 24h: $47,858
Volatility (ann.): 266%

CantonCC

$0.099443

24h: +2.58%
Market cap: $3.98B
Volume 24h: $15.27M
Volatility (ann.): 126%

DEXTF 0.1%Share of the two combined market caps99.9% CC

Performance

DEXTFCC

7 days+21.46%-2.16%DEXTF
30 days+45.75%-0.52%DEXTF

Correlation

0.83over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.8390d: 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	DEXTF	CC
Max drawdown (400d)	-39.7%	-30.6%
Risk-adjusted return (90d)	0.15	0.01

Relative strength over 90 days: DEXTF outperformed CC by 71.5% — measured on the DEXTF/CC ratio, so it holds regardless of market direction.

Memento →Canton →