Cakepie vs Bitway

Bitway (BTW) is 1032.2× the size of Cakepie (CKP) by market capitalisation. Over the past 30 days, BTW is ahead by 81.3 percentage points (CKP -7.9% against BTW +73.4%). Their daily returns move barely in opposite directions (correlation -0.08 across 29 shared trading days). BTW has been the more volatile of the two, at 365% annualised against CKP's 61%.

Correlation: -0.08
Size ratio: 1 : 1032.2
Ahead over 30 days: BTW

CakepieCKP

$0.517085

24h: -0.51%
Market cap: $1.67M
Volume 24h: $173
Volatility (ann.): 61%

BitwayBTW

$1.1400

24h: +16.08%
Market cap: $1.72B
Volume 24h: $6.48M
Volatility (ann.): 365%

CKP 0.1%Share of the two combined market caps99.9% BTW

Performance

CKPBTW

7 days+0.10%-44.93%CKP
30 days-7.95%+73.36%BTW

Correlation

-0.08over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0890d: 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	CKP	BTW
Max drawdown (400d)	-14.3%	-60.7%
Risk-adjusted return (90d)	-0.14	0.43

Relative strength over 90 days: BTW outperformed CKP by 61.5% — measured on the CKP/BTW ratio, so it holds regardless of market direction.

Cakepie →Bitway →