Kaon vs Bitway

Bitway (BTW) is 24505.1× the size of Kaon (KAON) by market capitalisation. Over the past 30 days, BTW is ahead by 16.6 percentage points (KAON +28.9% against BTW +45.5%). Their daily returns move barely together (correlation 0.10 across 24 shared trading days). BTW has been the more volatile of the two, at 362% annualised against KAON's 119%.

Correlation: 0.10
Size ratio: 1 : 24505.1
Ahead over 30 days: BTW

KaonKAON

$6.390e-6

24h: +6.30%
Market cap: $67,519
Volume 24h: $73
Volatility (ann.): 119%

BitwayBTW

$1.0990

24h: +4.44%
Market cap: $1.65B
Volume 24h: $4.68M
Volatility (ann.): 362%

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

Performance

KAONBTW

7 days+0.58%-40.12%KAON
30 days+28.88%+45.45%BTW

Correlation

0.10over 24 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	KAON	BTW
Max drawdown (400d)	-27.0%	-60.7%
Risk-adjusted return (90d)	0.05	0.48

Relative strength over 90 days: KAON outperformed BTW by 117.9% — measured on the KAON/BTW ratio, so it holds regardless of market direction.

Kaon →Bitway →