Canopy Finance vs Bitway

Bitway (BTW) is 25701.3× the size of Canopy Finance (CNPY) by market capitalisation. Over the past 30 days, BTW is ahead by 169.7 percentage points (CNPY -96.4% against BTW +73.4%). Their daily returns move loosely in opposite directions (correlation -0.46 across 28 shared trading days). CNPY has been the more volatile of the two, at 560% annualised against BTW's 365%.

Correlation: -0.46
Size ratio: 1 : 25701.3
Ahead over 30 days: BTW

Canopy FinanceCNPY

$9.605e-5

24h: -3.22%
Market cap: $67,008
Volume 24h: $2,033
Volatility (ann.): 560%

BitwayBTW

$1.1400

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

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

Performance

CNPYBTW

7 days-12.50%-44.93%CNPY
30 days-96.36%+73.36%BTW

Correlation

-0.46over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.4690d: 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	CNPY	BTW
Max drawdown (400d)	-97.0%	-60.7%
Risk-adjusted return (90d)	-0.17	0.43

Relative strength over 90 days: BTW outperformed CNPY by 98.0% — measured on the CNPY/BTW ratio, so it holds regardless of market direction.

Canopy Finance →Bitway →