Multiple Network vs Canton

Canton (CC) is 4331714.9× the size of Multiple Network (MTP) by market capitalisation. Over the past 30 days, CC is ahead by 66.2 percentage points (MTP -62.2% against CC +3.9%). Their daily returns move loosely together (correlation 0.43 across 24 shared trading days). MTP has been the more volatile of the two, at 386% annualised against CC's 125%.

Correlation: 0.43
Size ratio: 1 : 4331714.9
Ahead over 30 days: CC

Multiple NetworkMTP

$2.033e-5

24h: —
Market cap: $915
Volume 24h: —
Volatility (ann.): 386%

CantonCC

$0.099094

24h: +4.31%
Market cap: $3.96B
Volume 24h: $15.02M
Volatility (ann.): 125%

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

Performance

MTPCC

7 days+6.46%-1.76%MTP
30 days-62.25%+3.94%CC

Correlation

0.43over 24 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	MTP	CC
Max drawdown (400d)	-66.8%	-30.6%
Risk-adjusted return (90d)	-0.11	0.04

Relative strength over 90 days: CC outperformed MTP by 42.1% — measured on the MTP/CC ratio, so it holds regardless of market direction.

Multiple Network →Canton →