Coinnekt+ vs Bitway

Coinnekt+ (CNKT+) and Bitway (BTW) compared side by side. Over the past 30 days, BTW is ahead by 106.6 percentage points (CNKT+ -33.2% against BTW +73.4%). Their daily returns move barely together (correlation 0.06 across 23 shared trading days). BTW has been the more volatile of the two, at 365% annualised against CNKT+'s 65%.

Correlation: 0.06
Ahead over 30 days: BTW

Coinnekt+CNKT+

$0.000195

24h: +5.30%
Market cap: —
Volume 24h: $5,572
Volatility (ann.): 65%

BitwayBTW

$1.0940

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

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

Performance

CNKT+BTW

7 days-10.01%-44.93%CNKT+
30 days-33.24%+73.36%BTW

Correlation

0.06over 23 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	CNKT+	BTW
Max drawdown (400d)	-37.1%	-60.7%
Risk-adjusted return (90d)	-0.43	0.43

Relative strength over 90 days: CNKT+ outperformed BTW by 38.0% — measured on the CNKT+/BTW ratio, so it holds regardless of market direction.

Coinnekt+ →Bitway →