Canton Coin Correlations

CC Crypto  USD 0.10  0.01  10.38%   
The current 90-days correlation between Canton Coin and XRP is 0.37 (i.e., Weak diversification). The correlation of Canton Coin is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Canton Coin Correlation With Market

Average diversification

The correlation between Canton Coin and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Canton Coin and DJI in the same portfolio, assuming nothing else is changed. Please note that Canton Coin is a digital instrument and cryptocurrency exchanges were notoriously volatile since the beginning of their establishment.
  
The ability to find closely correlated positions to Canton Coin could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canton Coin when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Canton Coin - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Canton Coin to buy it.

Moving together with Canton Crypto Coin

  0.82WBT WhiteBIT TokenPairCorr
  0.72AETHWETH Aave Ethereum WETHPairCorr

Moving against Canton Crypto Coin

  0.82SOL SolanaPairCorr
  0.81STETH Staked EtherPairCorr
  0.81WBTC Wrapped BitcoinPairCorr
  0.81WEETH Wrapped eETHPairCorr
  0.8WBETH Wrapped Beacon ETHPairCorr
  0.78SUI SuiPairCorr
  0.76LINK ChainlinkPairCorr
  0.75XLM StellarPairCorr
  0.73CRO CronosPairCorr
  0.7TRX TRONPairCorr
  0.68XRP XRPPairCorr
  0.64HYPE HyperliquidPairCorr
  0.51M MemeCorePairCorr
  0.81XT XT TokenPairCorr
  0.81VINCI VINCIPairCorr
  0.79BGB Bitget tokenPairCorr
  0.78ENA EthenaPairCorr
  0.76ONDO OndoPairCorr
  0.75TON ToncoinPairCorr
  0.74MANTLE MantlePairCorr
  0.73HBAR Hedera HashgraphPairCorr
  0.71WLD WorldcoinPairCorr
  0.7AVAX AvalanchePairCorr
  0.37TRUMP OFFICIAL TRUMPPairCorr
  0.83GT Gatechain TokenPairCorr
  0.82JITOSOL Jito Staked SOLPairCorr
  0.78OKB OKBPairCorr
  0.75ARB ArbitrumPairCorr

Related Correlations Analysis


Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

STETHSOL
LINKSUI
XLMSUI
XLMLINK
XLMXRP
SUISOL
  

High negative correlations

WBTSOL
WBTSTETH
SUIWBT
XLMWBT
WBTTRX
LINKWBT

Risk-Adjusted Indicators

There is a big difference between Canton Crypto Coin performing well and Canton Coin Cryptocurrency doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Canton Coin's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
XRP  2.96 (0.60) 0.00  70.14  0.00 
 5.46 
 18.87 
SOL  3.32 (0.65) 0.00  0.68  0.00 
 6.42 
 30.68 
HYPE  4.59 (0.85) 0.00 (0.90) 0.00 
 10.49 
 23.61 
STETH  2.81 (0.39) 0.00  0.55  0.00 
 6.45 
 25.20 
TRX  1.45 (0.29) 0.00 (1.96) 0.00 
 3.57 
 8.91 
WBT  2.14  0.53  0.19 (0.78) 1.92 
 5.34 
 22.80 
SUI  4.14 (1.08) 0.00  1.64  0.00 
 8.67 
 30.26 
WLFI  4.99 (0.27) 0.00  0.36  0.00 
 16.67 
 38.30 
LINK  3.36 (0.68) 0.00  0.90  0.00 
 7.06 
 26.95 
XLM  3.07 (0.67) 0.00  1.63  0.00 
 6.25 
 26.90 

Be your own crypto manager

Our tools can tell you how much better you can do entering a position in Canton Coin without increasing your portfolio risk or giving up the expected return. As an individual cryptocurrency investor, you need to find a reliable way to track the performance of all your tokens in a consistent way. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall cryptocurrency portfolio.

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How to invest in Canton Coin

You need to understand the risk of getting into digital currencies such as CC before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in Canton Coin in four ways:

Buy CC through an exchange

Get yourself a crypto wallet before embarking on your Canton Coin journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase Canton Coin. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.

Purchase fractions of Canton Coin through an exchange

You don't have to buy a full token when starting out since CC is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.

Trade Canton Coin through a broker

If you don't want to store your Canton Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.

Invest in CC through an exchange-traded fund (ETF)

You can also invest in CC through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.

Investing Ideas

In addition to having Canton Coin in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
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