Anvil vs Bitway

Bitway (BTW) is 9.9× the size of Anvil (ANVL) by market capitalisation. Over the past 30 days, ANVL is ahead by 108.8 percentage points (ANVL +182.2% against BTW +73.4%). Their daily returns move loosely together (correlation 0.45 across 52 shared trading days). BTW has been the more volatile of the two, at 365% annualised against ANVL's 243%.

Correlation: 0.45
Size ratio: 1 : 9.9
Ahead over 30 days: ANVL

AnvilANVL

$0.001961

24h: -1.17%
Market cap: $172.68M
Volume 24h: $33,724
Volatility (ann.): 243%

BitwayBTW

$1.1300

24h: +15.12%
Market cap: $1.70B
Volume 24h: $5.94M
Volatility (ann.): 365%

ANVL 9.2%Share of the two combined market caps90.8% BTW

Performance

ANVLBTW

7 days+10.64%-44.93%ANVL
30 days+182.19%+73.36%ANVL

Correlation

0.45over 52 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4790d: 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	ANVL	BTW
Max drawdown (400d)	-28.9%	-60.7%
Risk-adjusted return (90d)	0.46	0.43

Relative strength over 90 days: BTW outperformed ANVL by 19.8% — measured on the ANVL/BTW ratio, so it holds regardless of market direction.

Anvil →Bitway →