Algorand statistical analysis — returns, volatility, correlations, and regime metrics compared to Bitcoin and gold on CryptoDash. Algorand Analysis - CryptoDash
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Algorand analysis

Active baseline: gold · 90d window

Comparison hierarchy

Macro layer (hard assets) and crypto layer (market beta) for Algorand.

Macro vs gold

ρ 0.159

β 0.379

R² 0.025

View vs gold
Crypto vs bitcoin

ρ 0.524

β 0.932

R² 0.274

View vs bitcoin

Normalized prices

Rebased to 100 at window start

Cumulative return

Percent change from window start

Descriptive statistics

vs gold · 90 daily observations

Correlation (ρ)

0.159

Linear co-movement of daily returns with gold.

Beta (β)

0.379

Return sensitivity to gold. β = 1 moves in step; <1 less amplified; >1 more amplified.

R²

0.025

Share of Algorand's daily variation explained by gold (0–1).

Inferential statistics

Two-tailed tests on the selected 90d window — not a forecast.

Correlation p-value: 0.1356 — not statistically significant at 95% in this window

95% CI: [-0.050, 0.356]

Beta p-value: 0.1334 — not statistically significant at 95% in this window

95% CI: [-0.118, 0.877]

Regression F-test: F = 2.270, p = 0.1356 — model not significant at 95%

Regime independence (2×2 up/down): χ² = 1.829, p = 0.1762 — no significant regime linkage at 95%

Variance ratio F-test: F = 5.663, p = 0.9969

Disclaimer: All statistics describe the selected historical window only. They quantify patterns in past daily returns and do not predict future prices, events, or trading outcomes. This is not financial advice.