AINFT vs Bitway

Bitway (BTW) is 6.8× the size of AINFT (NFT) by market capitalisation. Over the past 30 days, BTW is ahead by 46.8 percentage points (NFT -1.3% against BTW +45.5%). Their daily returns move barely together (correlation 0.03 across 57 shared trading days). BTW has been the more volatile of the two, at 362% annualised against NFT's 36%.

Correlation: 0.03
Size ratio: 1 : 6.8
Ahead over 30 days: BTW

AINFTNFT

$2.297e-7

24h: -1.40%
Market cap: $227.47M
Volume 24h: $18.73M
Volatility (ann.): 36%

BitwayBTW

$1.0350

24h: +5.15%
Market cap: $1.56B
Volume 24h: $5.96M
Volatility (ann.): 362%

NFT 12.7%Share of the two combined market caps87.3% BTW

Performance

NFTBTW

7 days-3.23%-40.12%NFT
30 days-1.32%+45.45%BTW

Correlation

0.03over 57 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0390d: 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	NFT	BTW
Max drawdown (400d)	-18.9%	-60.7%
Risk-adjusted return (90d)	-0.53	0.48

Relative strength over 90 days: BTW outperformed NFT by 72.0% — measured on the NFT/BTW ratio, so it holds regardless of market direction.

AINFT →Bitway →