Alon vs Bitway

Bitway (BTW) is 595.9× the size of Alon (ALON) by market capitalisation. Over the past 30 days, BTW is ahead by 82.1 percentage points (ALON -8.8% against BTW +73.4%). Their daily returns move loosely together (correlation 0.38 across 21 shared trading days). BTW has been the more volatile of the two, at 365% annualised against ALON's 236%.

Correlation: 0.38
Size ratio: 1 : 595.9
Ahead over 30 days: BTW

AlonALON

$0.002922

24h: +1.51%
Market cap: $2.89M
Volume 24h: $89,937
Volatility (ann.): 236%

BitwayBTW

$1.1400

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

ALON 0.2%Share of the two combined market caps99.8% BTW

Performance

ALONBTW

7 days+36.19%-44.93%ALON
30 days-8.76%+73.36%BTW

Correlation

0.38over 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	ALON	BTW
Max drawdown (400d)	-38.6%	-60.7%
Risk-adjusted return (90d)	-0.04	0.43

Relative strength over 90 days: BTW outperformed ALON by 66.5% — measured on the ALON/BTW ratio, so it holds regardless of market direction.

Alon →Bitway →