Automatic Treasury Machine vs Bitway

Bitway (BTW) is 264681.5× the size of Automatic Treasury Machine (ATM) by market capitalisation. Over the past 30 days, BTW is ahead by 68.2 percentage points (ATM -22.8% against BTW +45.5%). Their daily returns move barely in opposite directions (correlation -0.12 across 21 shared trading days). BTW has been the more volatile of the two, at 362% annualised against ATM's 208%.

Correlation: -0.12
Size ratio: 1 : 264681.5
Ahead over 30 days: BTW

Automatic Treasury MachineATM

$5.910e-6

24h: -1.20%
Market cap: $5,879
Volume 24h: $4
Volatility (ann.): 208%

BitwayBTW

$1.0340

24h: +0.85%
Market cap: $1.56B
Volume 24h: $5.37M
Volatility (ann.): 362%

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

Performance

ATMBTW

7 days-5.10%-40.12%ATM
30 days-22.78%+45.45%BTW

Correlation

-0.12over 21 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	ATM	BTW
Max drawdown (400d)	-32.2%	-60.7%
Risk-adjusted return (90d)	-0.10	0.48

Relative strength over 90 days: ATM outperformed BTW by 50.0% — measured on the ATM/BTW ratio, so it holds regardless of market direction.

Automatic Treasury Machine →Bitway →