Baldor vs Bitway

Bitway (BTW) is 8811.6× the size of Baldor (BALDOR) by market capitalisation. Over the past 30 days, BTW is ahead by 50.9 percentage points (BALDOR -5.4% against BTW +45.5%). Their daily returns move barely in opposite directions (correlation -0.24 across 24 shared trading days). BTW has been the more volatile of the two, at 362% annualised against BALDOR's 18%.

Correlation: -0.24
Size ratio: 1 : 8811.6
Ahead over 30 days: BTW

BaldorBALDOR

$1.7500

24h: +1.00%
Market cap: $174,917
Volume 24h: $1,239
Volatility (ann.): 18%

BitwayBTW

$1.0240

24h: -4.80%
Market cap: $1.54B
Volume 24h: $4.81M
Volatility (ann.): 362%

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

Performance

BALDORBTW

7 days-3.31%-40.12%BALDOR
30 days-5.41%+45.45%BTW

Correlation

-0.24over 24 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	BALDOR	BTW
Max drawdown (400d)	-5.4%	-60.7%
Risk-adjusted return (90d)	-0.30	0.48

Relative strength over 90 days: BALDOR outperformed BTW by 59.8% — measured on the BALDOR/BTW ratio, so it holds regardless of market direction.

Baldor →Bitway →