Ajna Protocol vs Bitway

Bitway (BTW) is 2131.9× the size of Ajna Protocol (AJNA) by market capitalisation. Over the past 30 days, BTW is ahead by 127.9 percentage points (AJNA -54.6% against BTW +73.4%). Their daily returns move barely in opposite directions (correlation -0.30 across 28 shared trading days). Both have run at a similar volatility, around 345% annualised.

Correlation: -0.30
Size ratio: 1 : 2131.9
Ahead over 30 days: BTW

Ajna ProtocolAJNA

$0.001022

24h: -1.13%
Market cap: $807,824
Volume 24h: $17
Volatility (ann.): 324%

BitwayBTW

$1.1400

24h: +16.08%
Market cap: $1.72B
Volume 24h: $6.48M
Volatility (ann.): 365%

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

Performance

AJNABTW

7 days-49.06%-44.93%BTW
30 days-54.57%+73.36%BTW

Correlation

-0.30over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3090d: 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	AJNA	BTW
Max drawdown (400d)	-75.9%	-60.7%
Risk-adjusted return (90d)	-0.19	0.43

Relative strength over 90 days: BTW outperformed AJNA by 83.5% — measured on the AJNA/BTW ratio, so it holds regardless of market direction.

Ajna Protocol →Bitway →