Xandeum vs Impossible Cloud Network Token

Impossible Cloud Network Token (ICNT) is 79.5× the size of Xandeum (XAND) by market capitalisation. Over the past 30 days, ICNT is ahead by 130.1 percentage points (XAND -24.4% against ICNT +105.7%). Their daily returns move barely in opposite directions (correlation -0.23 across 32 shared trading days). ICNT has been the more volatile of the two, at 294% annualised against XAND's 148%.

Correlation: -0.23
Size ratio: 1 : 79.5
Ahead over 30 days: ICNT

XandeumXAND

$0.000217

24h: +4.43%
Market cap: $674,480
Volume 24h: $4
Volatility (ann.): 148%

Impossible Cloud Network TokenICNT

$0.211985

24h: +1.17%
Market cap: $53.63M
Volume 24h: $12.56M
Volatility (ann.): 294%

XAND 1.2%Share of the two combined market caps98.8% ICNT

Performance

XANDICNT

7 days-16.26%+16.27%ICNT
30 days-24.42%+105.66%ICNT

Correlation

-0.23over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2390d: 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	XAND	ICNT
Max drawdown (400d)	-41.2%	-27.1%
Risk-adjusted return (90d)	-0.06	0.32

Relative strength over 90 days: ICNT outperformed XAND by 57.2% — measured on the XAND/ICNT ratio, so it holds regardless of market direction.

Xandeum →Impossible Cloud Network Token →