Bedrock vs Bitway

Bitway (BTW) is 11.9× the size of Bedrock (BR) by market capitalisation. Over the past 30 days, BR is ahead by 20.8 percentage points (BR +94.1% against BTW +73.4%). Their daily returns move barely together (correlation 0.26 across 54 shared trading days). BR has been the more volatile of the two, at 529% annualised against BTW's 365%.

Correlation: 0.26
Size ratio: 1 : 11.9
Ahead over 30 days: BR

BedrockBR

$0.465668

24h: +7.44%
Market cap: $138.15M
Volume 24h: $3.97M
Volatility (ann.): 529%

BitwayBTW

$1.0940

24h: +21.80%
Market cap: $1.65B
Volume 24h: $7.14M
Volatility (ann.): 365%

BR 7.7%Share of the two combined market caps92.3% BTW

Performance

BRBTW

7 days-3.07%-44.93%BR
30 days+94.11%+73.36%BR

Correlation

0.26over 54 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2890d: 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	BR	BTW
Max drawdown (400d)	-62.7%	-60.7%
Risk-adjusted return (90d)	0.26	0.43

Relative strength over 90 days: BR outperformed BTW by 3.9% — measured on the BR/BTW ratio, so it holds regardless of market direction.

Bedrock →Bitway →