CashBackPro vs Bitway

Bitway (BTW) is 869.5× the size of CashBackPro (CBP) by market capitalisation. Over the past 30 days, BTW is ahead by 87.7 percentage points (CBP -14.3% against BTW +73.4%). Their daily returns move barely together (correlation 0.20 across 28 shared trading days). BTW has been the more volatile of the two, at 365% annualised against CBP's 155%.

Correlation: 0.20
Size ratio: 1 : 869.5
Ahead over 30 days: BTW

CashBackProCBP

$0.009360

24h: -14.62%
Market cap: $1.80M
Volume 24h: $2,698
Volatility (ann.): 155%

BitwayBTW

$1.0390

24h: +6.69%
Market cap: $1.56B
Volume 24h: $6.40M
Volatility (ann.): 365%

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

Performance

CBPBTW

7 days+1.00%-44.93%CBP
30 days-14.32%+73.36%BTW

Correlation

0.20over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2090d: 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	CBP	BTW
Max drawdown (400d)	-24.4%	-60.7%
Risk-adjusted return (90d)	0.04	0.43

Relative strength over 90 days: BTW outperformed CBP by 55.0% — measured on the CBP/BTW ratio, so it holds regardless of market direction.

CashBackPro →Bitway →