Correlation
The correlation between CAN and BTC-USD is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
CAN vs. BTC-USD
Compare and contrast key facts about Canaan Inc. (CAN) and Bitcoin (BTC-USD).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CAN or BTC-USD.
Performance
CAN vs. BTC-USD - Performance Comparison
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Key characteristics
CAN:
-0.36
BTC-USD:
1.13
CAN:
0.19
BTC-USD:
2.85
CAN:
1.02
BTC-USD:
1.30
CAN:
-0.40
BTC-USD:
2.03
CAN:
-0.93
BTC-USD:
9.98
CAN:
41.87%
BTC-USD:
11.19%
CAN:
115.68%
BTC-USD:
41.36%
CAN:
-98.35%
BTC-USD:
-93.18%
CAN:
-98.33%
BTC-USD:
-5.40%
Returns By Period
In the year-to-date period, CAN achieves a -70.38% return, which is significantly lower than BTC-USD's 13.07% return.
CAN
-70.38%
-13.74%
-71.35%
-41.61%
-45.44%
-23.77%
N/A
BTC-USD
13.07%
12.14%
8.39%
54.53%
49.33%
61.22%
85.17%
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Risk-Adjusted Performance
CAN vs. BTC-USD — Risk-Adjusted Performance Rank
CAN
BTC-USD
CAN vs. BTC-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Canaan Inc. (CAN) and Bitcoin (BTC-USD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Drawdowns
CAN vs. BTC-USD - Drawdown Comparison
The maximum CAN drawdown since its inception was -98.35%, which is greater than BTC-USD's maximum drawdown of -93.18%. Use the drawdown chart below to compare losses from any high point for CAN and BTC-USD.
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Volatility
CAN vs. BTC-USD - Volatility Comparison
Canaan Inc. (CAN) has a higher volatility of 33.42% compared to Bitcoin (BTC-USD) at 10.22%. This indicates that CAN's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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