Ampleforth vs Bitway

Bitway (BTW) is 748.4× the size of Ampleforth (AMPL) by market capitalisation. Over the past 30 days, BTW is ahead by 88.1 percentage points (AMPL -14.8% against BTW +73.4%). Their daily returns move barely together (correlation 0.28 across 30 shared trading days). BTW has been the more volatile of the two, at 365% annualised against AMPL's 152%.

Correlation: 0.28
Size ratio: 1 : 748.4
Ahead over 30 days: BTW

AmpleforthAMPL

$1.2400

24h: +0.06%
Market cap: $2.30M
Volume 24h: $1,614
Volatility (ann.): 152%

BitwayBTW

$1.1400

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

AMPL 0.1%Share of the two combined market caps99.9% BTW

Performance

AMPLBTW

7 days-0.78%-44.93%AMPL
30 days-14.77%+73.36%BTW

Correlation

0.28over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2890d: 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	AMPL	BTW
Max drawdown (400d)	-24.2%	-60.7%
Risk-adjusted return (90d)	-0.01	0.43

Relative strength over 90 days: BTW outperformed AMPL by 58.5% — measured on the AMPL/BTW ratio, so it holds regardless of market direction.

Ampleforth →Bitway →