SKYQ vs. CAN
SKYQ (Sky Quarry Inc) and CAN (Canaan Inc.) are both stocks. SKYQ operates in Oil & Gas Integrated (Energy), while CAN operates in Computer Hardware (Technology). Over the past year, SKYQ returned -69.53% vs -38.47% for CAN. At a 0.06 correlation, their price movements are largely independent.
Performance
SKYQ vs. CAN - Performance Comparison
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Returns By Period
In the year-to-date period, SKYQ achieves a 9.06% return, which is significantly higher than CAN's -45.57% return.
SKYQ
- 1D
- -10.96%
- 1M
- -67.06%
- YTD
- 9.06%
- 6M
- -33.64%
- 1Y
- -69.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CAN
- 1D
- -4.77%
- 1M
- -30.44%
- YTD
- -45.57%
- 6M
- -60.55%
- 1Y
- -38.47%
- 3Y*
- -43.11%
- 5Y*
- -49.08%
- 10Y*
- —
SKYQ vs. CAN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SKYQ Sky Quarry Inc | 9.06% | -80.57% | -72.02% |
CAN Canaan Inc. | -45.57% | -66.34% | 118.11% |
Correlation
The correlation between SKYQ and CAN is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2024 | 0.06 |
Fundamentals
SKYQ:
-$6.57
CAN:
-$0.38
SKYQ:
0.29
CAN:
0.41
SKYQ:
$12.49M
CAN:
$510.04M
SKYQ:
$0.00
CAN:
$17.56M
SKYQ:
-$9.24M
CAN:
-$144.51M
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Return for Risk
SKYQ vs. CAN — Risk / Return Rank
SKYQ
CAN
SKYQ vs. CAN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sky Quarry Inc (SKYQ) and Canaan Inc. (CAN). 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.
| SKYQ | CAN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.03 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | -0.47 | -0.35 |
| Martin ratioReturn relative to average drawdown | -1.36 | -0.71 | -0.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SKYQ | CAN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.29 | -0.32 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.44 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.40 | -0.31 | -0.09 |
Drawdowns
SKYQ vs. CAN - Drawdown Comparison
The maximum SKYQ drawdown since its inception was -94.73%, roughly equal to the maximum CAN drawdown of -98.97%. Use the drawdown chart below to compare losses from any high point for SKYQ and CAN.
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Drawdown Indicators
| SKYQ | CAN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.73% | -98.97% | +4.24% |
Max Drawdown (1Y)Largest decline over 1 year | -84.51% | -81.68% | -2.83% |
Max Drawdown (3Y)Largest decline over 3 years | — | -88.23% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -96.58% | — |
Current DrawdownCurrent decline from peak | -94.25% | -98.97% | +4.72% |
Average DrawdownAverage peak-to-trough decline | -82.01% | -83.75% | +1.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.21% | 54.03% | -2.82% |
Volatility
SKYQ vs. CAN - Volatility Comparison
Sky Quarry Inc (SKYQ) has a higher volatility of 38.48% compared to Canaan Inc. (CAN) at 20.54%. This indicates that SKYQ's price experiences larger fluctuations and is considered to be riskier than CAN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SKYQ | CAN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 38.48% | 20.54% | +17.94% |
Volatility (6M)Calculated over the trailing 6-month period | 179.84% | 59.58% | +120.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 241.02% | 120.05% | +120.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 207.38% | 111.51% | +95.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 207.38% | 126.54% | +80.84% |
Dividends
SKYQ vs. CAN - Dividend Comparison
Neither SKYQ nor CAN has paid dividends to shareholders.
Financials
SKYQ vs. CAN - Financials Comparison
This section allows you to compare key financial metrics between Sky Quarry Inc and Canaan Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
SKYQ and CAN have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SKYQ has higher volatility (38.48%) compared to CAN (20.54%). In terms of maximum drawdown, SKYQ dropped -94.73% vs CAN's -98.97%.
SKYQ currently has the higher Sharpe Ratio (-0.29 vs -0.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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