APDAO vs Bitway

APDAO (APD) and Bitway (BTW) compared side by side. Over the past 30 days, BTW is ahead by 101.1 percentage points (APD -27.7% against BTW +73.4%). Their daily returns move barely together (correlation 0.03 across 23 shared trading days). BTW has been the more volatile of the two, at 365% annualised against APD's 39%.

Correlation: 0.03
Ahead over 30 days: BTW

APDAOAPD

$0.001316

24h: -1.04%
Market cap: —
Volume 24h: $13,237
Volatility (ann.): 39%

BitwayBTW

$1.1200

24h: +6.78%
Market cap: $1.68B
Volume 24h: $6.80M
Volatility (ann.): 365%

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

Performance

APDBTW

7 days-7.79%-44.93%APD
30 days-27.74%+73.36%BTW

Correlation

0.03over 23 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	APD	BTW
Max drawdown (400d)	-29.6%	-60.7%
Risk-adjusted return (90d)	-0.71	0.43

Relative strength over 90 days: APD outperformed BTW by 36.3% — measured on the APD/BTW ratio, so it holds regardless of market direction.

APDAO →Bitway →