Avalon vs Bitway

Bitway (BTW) is 208.8× the size of Avalon (AVL) by market capitalisation. Over the past 30 days, BTW is ahead by 98.7 percentage points (AVL -25.4% against BTW +73.4%). Their daily returns move barely together (correlation 0.29 across 23 shared trading days). BTW has been the more volatile of the two, at 365% annualised against AVL's 131%.

Correlation: 0.29
Size ratio: 1 : 208.8
Ahead over 30 days: BTW

AvalonAVL

$0.017443

24h: +0.43%
Market cap: $7.80M
Volume 24h: $157,053
Volatility (ann.): 131%

BitwayBTW

$1.0810

24h: +4.98%
Market cap: $1.63B
Volume 24h: $6.74M
Volatility (ann.): 365%

AVL 0.5%Share of the two combined market caps99.5% BTW

Performance

AVLBTW

7 days-23.62%-44.93%AVL
30 days-25.39%+73.36%BTW

Correlation

0.29over 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	AVL	BTW
Max drawdown (400d)	-28.6%	-60.7%
Risk-adjusted return (90d)	-0.13	0.43

Relative strength over 90 days: BTW outperformed AVL by 66.7% — measured on the AVL/BTW ratio, so it holds regardless of market direction.

Avalon →Bitway →