Stella vs Bitway

Bitway (BTW) is 4075.6× the size of Stella (ALPHA) by market capitalisation. Over the past 30 days, BTW is ahead by 64.7 percentage points (ALPHA -19.3% against BTW +45.5%). Their daily returns move barely together (correlation 0.26 across 24 shared trading days). BTW has been the more volatile of the two, at 362% annualised against ALPHA's 107%.

Correlation: 0.26
Size ratio: 1 : 4075.6
Ahead over 30 days: BTW

StellaALPHA

$0.000381

24h: -8.68%
Market cap: $380,894
Volume 24h: $26,855
Volatility (ann.): 107%

BitwayBTW

$1.0310

24h: -6.84%
Market cap: $1.55B
Volume 24h: $5.07M
Volatility (ann.): 362%

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

Performance

ALPHABTW

7 days-10.11%-40.12%ALPHA
30 days-19.25%+45.45%BTW

Correlation

0.26over 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	ALPHA	BTW
Max drawdown (400d)	-31.1%	-60.7%
Risk-adjusted return (90d)	-0.14	0.48

Relative strength over 90 days: ALPHA outperformed BTW by 19.7% — measured on the ALPHA/BTW ratio, so it holds regardless of market direction.

Stella →Bitway →