88mph vs Bitway

Bitway (BTW) is 87847.9× the size of 88mph (MPH) by market capitalisation. Their daily returns move barely together (correlation 0.16 across 28 shared trading days). BTW has been the more volatile of the two, at 359% annualised against MPH's 90%.

Correlation: 0.16
Size ratio: 1 : 87847.9

88mphMPH

$0.012210

24h: -11.59%
Market cap: $19,212
Volume 24h: $23
Volatility (ann.): 90%

BitwayBTW

$1.1200

24h: +8.51%
Market cap: $1.69B
Volume 24h: $5.55M
Volatility (ann.): 359%

MPH 0.0%Share of the two combined market caps100.0% BTW

Performance

MPHBTW

7 days+0.77%-31.25%MPH
30 days-2.52%+68.43%BTW
90 days+9.27%——

Correlation

0.16over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1690d: insufficient data1y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	MPH	BTW
Max drawdown (400d)	-60.0%	-60.7%
Risk-adjusted return (90d)	0.10	0.54

Relative strength over 90 days: BTW outperformed MPH by 65.0% — measured on the MPH/BTW ratio, so it holds regardless of market direction.

88mph →Bitway →