BANX vs Bitway

Bitway (BTW) is 72328.5× the size of BANX (BANX) by market capitalisation. Over the past 30 days, BTW is ahead by 168.3 percentage points (BANX -99.9% against BTW +68.4%). Their daily returns move loosely in opposite directions (correlation -0.51 across 30 shared trading days). BANX has been the more volatile of the two, at 4246% annualised against BTW's 359%.

Correlation: -0.51
Size ratio: 1 : 72328.5
Ahead over 30 days: BTW

BANXBANX

$1.520e-6

24h: —
Market cap: $22,855
Volume 24h: —
Volatility (ann.): 4246%

BitwayBTW

$1.0980

24h: +5.62%
Market cap: $1.65B
Volume 24h: $5.24M
Volatility (ann.): 359%

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

Performance

BANXBTW

7 days-20.52%-31.25%BANX
30 days-99.87%+68.43%BTW

Correlation

-0.51over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.5190d: 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	BANX	BTW
Max drawdown (400d)	-99.9%	-60.7%
Risk-adjusted return (90d)	-0.02	0.54

Relative strength over 90 days: BTW outperformed BANX by 100.0% — measured on the BANX/BTW ratio, so it holds regardless of market direction.

BANX →Bitway →