Areal Finance vs Bitway

Bitway (BTW) is 45291.7× the size of Areal Finance (ARL) by market capitalisation. Over the past 30 days, BTW is ahead by 7.9 percentage points (ARL +37.6% against BTW +45.5%). Their daily returns move barely in opposite directions (correlation -0.15 across 26 shared trading days). ARL has been the more volatile of the two, at 500% annualised against BTW's 362%.

Correlation: -0.15
Size ratio: 1 : 45291.7
Ahead over 30 days: BTW

Areal FinanceARL

$0.001945

24h: —
Market cap: $36,586
Volume 24h: $30
Volatility (ann.): 500%

BitwayBTW

$1.1000

24h: +6.90%
Market cap: $1.66B
Volume 24h: $5.03M
Volatility (ann.): 362%

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

Performance

ARLBTW

7 days+48.64%-40.12%ARL
30 days+37.58%+45.45%BTW

Correlation

-0.15over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1590d: 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	ARL	BTW
Max drawdown (400d)	-89.5%	-60.7%
Risk-adjusted return (90d)	-0.09	0.48

Relative strength over 90 days: BTW outperformed ARL by 45.9% — measured on the ARL/BTW ratio, so it holds regardless of market direction.

Areal Finance →Bitway →