APX vs Bitway

APX (APX) and Bitway (BTW) compared side by side. Over the past 30 days, BTW is ahead by 76.7 percentage points (APX -3.3% against BTW +73.4%). Their daily returns move barely in opposite directions (correlation -0.27 across 23 shared trading days). BTW has been the more volatile of the two, at 365% annualised against APX's 31%.

Correlation: -0.27
Ahead over 30 days: BTW

APXAPX

$0.215590

24h: +0.44%
Market cap: —
Volume 24h: $462
Volatility (ann.): 31%

BitwayBTW

$1.0390

24h: +6.69%
Market cap: $1.56B
Volume 24h: $6.40M
Volatility (ann.): 365%

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

Performance

APXBTW

7 days-2.26%-44.93%APX
30 days-3.33%+73.36%BTW

Correlation

-0.27over 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	APX	BTW
Max drawdown (400d)	-6.3%	-60.7%
Risk-adjusted return (90d)	-0.10	0.43

Relative strength over 90 days: APX outperformed BTW by 76.1% — measured on the APX/BTW ratio, so it holds regardless of market direction.

APX →Bitway →