Iron Fish vs Canton

Canton (CC) is 5953.9× the size of Iron Fish (IRON) by market capitalisation. Over the past 30 days, IRON is ahead by 2.1 percentage points (IRON +6.0% against CC +3.9%). Their daily returns move barely in opposite directions (correlation -0.10 across 22 shared trading days). CC has been the more volatile of the two, at 125% annualised against IRON's 84%.

Correlation: -0.10
Size ratio: 1 : 5953.9
Ahead over 30 days: IRON

Iron FishIRON

$0.008763

24h: +22.15%
Market cap: $674,683
Volume 24h: $11,486
Volatility (ann.): 84%

CantonCC

$0.100428

24h: +1.93%
Market cap: $4.02B
Volume 24h: $18.16M
Volatility (ann.): 125%

IRON 0.0%Share of the two combined market caps100.0% CC

Performance

IRONCC

7 days+1.29%-1.76%IRON
30 days+6.00%+3.94%IRON

Correlation

-0.10over 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	IRON	CC
Max drawdown (400d)	-11.2%	-30.6%
Risk-adjusted return (90d)	0.07	0.04

Relative strength over 90 days: CC outperformed IRON by 3.9% — measured on the IRON/CC ratio, so it holds regardless of market direction.

Iron Fish →Canton →