Arrow vs Bitway

Bitway (BTW) is 914.6× the size of Arrow (ARROW) by market capitalisation. Over the past 30 days, BTW is ahead by 173.4 percentage points (ARROW -100.0% against BTW +73.4%). Their daily returns move barely together (correlation 0.28 across 23 shared trading days). ARROW has been the more volatile of the two, at 606% annualised against BTW's 365%.

Correlation: 0.28
Size ratio: 1 : 914.6
Ahead over 30 days: BTW

ArrowARROW

$0.200192

24h: -4.49%
Market cap: $1.80M
Volume 24h: $11,061
Volatility (ann.): 606%

BitwayBTW

$1.0970

24h: +3.84%
Market cap: $1.65B
Volume 24h: $6.94M
Volatility (ann.): 365%

ARROW 0.1%Share of the two combined market caps99.9% BTW

Performance

ARROWBTW

7 days-100.00%-44.93%BTW
30 days-100.00%+73.36%BTW

Correlation

0.28over 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	ARROW	BTW
Max drawdown (400d)	-100.0%	-60.7%
Risk-adjusted return (90d)	-0.17	0.43

Relative strength over 90 days: BTW outperformed ARROW by 100.0% — measured on the ARROW/BTW ratio, so it holds regardless of market direction.

Arrow →Bitway →