Auto (AUTO) and Bitway (BTW) compared side by side. Over the past 30 days, BTW is ahead by 81.7 percentage points (AUTO -8.4% against BTW +73.4%). Their daily returns move loosely together (correlation 0.39 across 21 shared trading days). BTW has been the more volatile of the two, at 365% annualised against AUTO's 77%.
AUTOBTW
0.39over 21 shared trading days
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.
| Metric | AUTO | BTW |
|---|---|---|
| Max drawdown (400d) | -15.1% | -60.7% |
| Risk-adjusted return (90d) | -0.13 | 0.43 |
Relative strength over 90 days: AUTO outperformed BTW by 67.5% — measured on the AUTO/BTW ratio, so it holds regardless of market direction.