AicroStrategy vs Bitway

Bitway (BTW) is 81393.1× the size of AicroStrategy (AISTR) by market capitalisation. Over the past 30 days, BTW is ahead by 80.9 percentage points (AISTR -12.5% against BTW +68.4%). Their daily returns move barely together (correlation 0.10 across 25 shared trading days). BTW has been the more volatile of the two, at 359% annualised against AISTR's 33%.

Correlation: 0.10
Size ratio: 1 : 81393.1
Ahead over 30 days: BTW

AicroStrategyAISTR

$0.020437

24h: —
Market cap: $20,437
Volume 24h: $10
Volatility (ann.): 33%

BitwayBTW

$1.1000

24h: +6.77%
Market cap: $1.66B
Volume 24h: $5.53M
Volatility (ann.): 359%

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

Performance

AISTRBTW

7 days-0.48%-31.25%AISTR
30 days-12.47%+68.43%BTW

Correlation

0.10over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1090d: 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	AISTR	BTW
Max drawdown (400d)	-13.4%	-60.7%
Risk-adjusted return (90d)	-0.37	0.54

Relative strength over 90 days: AISTR outperformed BTW by 55.2% — measured on the AISTR/BTW ratio, so it holds regardless of market direction.

AicroStrategy →Bitway →