Alloca vs Bitway

Bitway (BTW) is 55298.0× the size of Alloca (ALLOCA) by market capitalisation. Over the past 30 days, BTW is ahead by 104.0 percentage points (ALLOCA -58.6% against BTW +45.5%). Their daily returns move loosely together (correlation 0.49 across 21 shared trading days). BTW has been the more volatile of the two, at 362% annualised against ALLOCA's 104%.

Correlation: 0.49
Size ratio: 1 : 55298.0
Ahead over 30 days: BTW

AllocaALLOCA

$0.000537

24h: +5.83%
Market cap: $30,227
Volume 24h: $11
Volatility (ann.): 104%

BitwayBTW

$1.1100

24h: +2.98%
Market cap: $1.67B
Volume 24h: $4.74M
Volatility (ann.): 362%

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

Performance

ALLOCABTW

7 days-19.30%-40.12%ALLOCA
30 days-58.57%+45.45%BTW

Correlation

0.49over 21 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	ALLOCA	BTW
Max drawdown (400d)	-58.6%	-60.7%
Risk-adjusted return (90d)	-0.52	0.48

Relative strength over 90 days: ALLOCA outperformed BTW by 0.8% — measured on the ALLOCA/BTW ratio, so it holds regardless of market direction.

Alloca →Bitway →