ASX Capital vs Bitway

Bitway (BTW) is 3043.8× the size of ASX Capital (ASX) by market capitalisation. Over the past 30 days, BTW is ahead by 85.4 percentage points (ASX -12.0% against BTW +73.4%). Their daily returns move barely together (correlation 0.28 across 23 shared trading days). BTW has been the more volatile of the two, at 365% annualised against ASX's 39%.

Correlation: 0.28
Size ratio: 1 : 3043.8
Ahead over 30 days: BTW

ASX CapitalASX

$0.065777

24h: +0.29%
Market cap: $538,558
Volume 24h: $239
Volatility (ann.): 39%

BitwayBTW

$1.0890

24h: +16.31%
Market cap: $1.64B
Volume 24h: $6.32M
Volatility (ann.): 365%

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

Performance

ASXBTW

7 days-9.42%-44.93%ASX
30 days-12.01%+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	ASX	BTW
Max drawdown (400d)	-14.8%	-60.7%
Risk-adjusted return (90d)	-0.31	0.43

Relative strength over 90 days: ASX outperformed BTW by 59.7% — measured on the ASX/BTW ratio, so it holds regardless of market direction.

ASX Capital →Bitway →