SLNH vs. CANG
SLNH (Soluna Holdings, Inc.) and CANG (Cango Inc.) are both stocks. SLNH operates in Scientific & Technical Instruments (Technology), while CANG operates in Internet Content & Information (Communication Services). Over the past 5 years, SLNH returned -61.38%/yr vs -22.16%/yr for CANG. At a 0.16 correlation, their price movements are largely independent.
Performance
SLNH vs. CANG - Performance Comparison
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Returns By Period
In the year-to-date period, SLNH achieves a 37.61% return, which is significantly higher than CANG's -84.33% return.
SLNH
- 1D
- -3.59%
- 1M
- -5.85%
- YTD
- 37.61%
- 6M
- 4.55%
- 1Y
- 195.14%
- 3Y*
- -30.88%
- 5Y*
- -61.38%
- 10Y*
- -17.33%
CANG
- 1D
- 1.73%
- 1M
- -51.86%
- YTD
- -84.33%
- 6M
- -82.46%
- 1Y
- -88.54%
- 3Y*
- -25.35%
- 5Y*
- -22.16%
- 10Y*
- —
SLNH vs. CANG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SLNH Soluna Holdings, Inc. | 37.61% | -44.29% | -47.50% | -38.67% | -97.58% | 128.45% | 602.99% | 47.87% | 9.12% |
CANG Cango Inc. | -84.33% | -31.82% | 331.37% | -22.02% | 35.99% | -50.19% | -19.72% | 19.71% | -36.48% |
Correlation
The correlation between SLNH and CANG is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2018 | 0.16 |
The correlation between SLNH and CANG shifts across timeframes, from 0.16 (all time) to 0.31 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
SLNH:
$135.40M
CANG:
$84.27M
SLNH:
-$1.63
CANG:
-CN¥10.61
SLNH:
1.88
CANG:
0.26
SLNH:
2.87
CANG:
0.39
SLNH:
$33.18M
CANG:
CN¥2.32B
SLNH:
$28.87M
CANG:
-CN¥783.34M
SLNH:
-$25.84M
CANG:
-CN¥1.82B
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Return for Risk
SLNH vs. CANG — Risk / Return Rank
SLNH
CANG
SLNH vs. CANG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Soluna Holdings, Inc. (SLNH) and Cango Inc. (CANG). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SLNH | CANG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.75 | ||
| Sortino ratioReturn per unit of downside risk | +4.73 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 0.78 | +0.54 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | -0.95 | +3.23 |
| Martin ratioReturn relative to average drawdown | 3.15 | -1.58 | +4.73 |
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Drawdowns
SLNH vs. CANG - Drawdown Comparison
The maximum SLNH drawdown since its inception was -99.90%, roughly equal to the maximum CANG drawdown of -95.25%. Use the drawdown chart below to compare losses from any high point for SLNH and CANG.
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Drawdown Indicators
| SLNH | CANG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.90% | -95.25% | -4.65% |
Max Drawdown (1Y)Largest decline over 1 year | -86.26% | -93.09% | +6.83% |
Max Drawdown (3Y)Largest decline over 3 years | -95.57% | -95.25% | -0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -99.90% | -95.25% | -4.65% |
Max Drawdown (10Y)Largest decline over 10 years | -99.90% | — | — |
Current DrawdownCurrent decline from peak | -99.61% | -94.12% | -5.49% |
Average DrawdownAverage peak-to-trough decline | -57.15% | -59.93% | +2.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 62.16% | 56.15% | +6.01% |
Volatility
SLNH vs. CANG - Volatility Comparison
The current volatility for Soluna Holdings, Inc. (SLNH) is 26.83%, while Cango Inc. (CANG) has a volatility of 61.28%. This indicates that SLNH experiences smaller price fluctuations and is considered to be less risky than CANG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SLNH | CANG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.83% | 61.28% | -34.45% |
Volatility (6M)Calculated over the trailing 6-month period | 102.12% | 104.82% | -2.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 204.99% | 112.05% | +92.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 143.89% | 85.39% | +58.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 128.70% | 85.24% | +43.46% |
Dividends
SLNH vs. CANG - Dividend Comparison
Neither SLNH nor CANG has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CANG Cango Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 229.36% | 31.85% | 3.57% | 2.73% |
SLNH Soluna Holdings, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 110.45% |
Financials
SLNH vs. CANG - Financials Comparison
This section allows you to compare key financial metrics between Soluna Holdings, Inc. and Cango 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
SLNH and CANG have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CANG has higher volatility (61.28%) compared to SLNH (26.83%). In terms of maximum drawdown, SLNH dropped -99.90% vs CANG's -95.25%.
SLNH currently has the higher Sharpe Ratio (0.96 vs -0.79), 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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