Basis Cash vs Bitway

Bitway (BTW) is 32088.6× the size of Basis Cash (BAC) by market capitalisation. Over the past 30 days, BTW is ahead by 47.1 percentage points (BAC -1.7% against BTW +45.5%). Their daily returns move loosely in opposite directions (correlation -0.47 across 21 shared trading days). BTW has been the more volatile of the two, at 362% annualised against BAC's 26%.

Correlation: -0.47
Size ratio: 1 : 32088.6
Ahead over 30 days: BTW

Basis CashBAC

$0.000950

24h: +2.36%
Market cap: $51,820
Volume 24h: $926
Volatility (ann.): 26%

BitwayBTW

$1.1000

24h: +4.97%
Market cap: $1.66B
Volume 24h: $4.75M
Volatility (ann.): 362%

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

Performance

BACBTW

7 days-1.72%-40.12%BAC
30 days-1.66%+45.45%BTW

Correlation

-0.47over 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	BAC	BTW
Max drawdown (400d)	-5.6%	-60.7%
Risk-adjusted return (90d)	-0.06	0.48

Relative strength over 90 days: BAC outperformed BTW by 62.3% — measured on the BAC/BTW ratio, so it holds regardless of market direction.

Basis Cash →Bitway →