Alt.town vs Bitway

Bitway (BTW) is 33034.9× the size of Alt.town (TOWN) by market capitalisation. Over the past 30 days, BTW is ahead by 121.7 percentage points (TOWN -76.2% against BTW +45.5%). Their daily returns move barely together (correlation 0.12 across 27 shared trading days). BTW has been the more volatile of the two, at 362% annualised against TOWN's 134%.

Correlation: 0.12
Size ratio: 1 : 33034.9
Ahead over 30 days: BTW

Alt.townTOWN

$4.629e-5

24h: -6.65%
Market cap: $44,569
Volume 24h: $1,777
Volatility (ann.): 134%

BitwayBTW

$0.977783

24h: -15.64%
Market cap: $1.47B
Volume 24h: $3.80M
Volatility (ann.): 362%

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

Performance

TOWNBTW

7 days-62.07%-40.12%BTW
30 days-76.22%+45.45%BTW

Correlation

0.12over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1290d: 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	TOWN	BTW
Max drawdown (400d)	-80.0%	-60.7%
Risk-adjusted return (90d)	-0.60	0.48

Relative strength over 90 days: BTW outperformed TOWN by 91.7% — measured on the TOWN/BTW ratio, so it holds regardless of market direction.

Alt.town →Bitway →