Coral Finance vs Bitway

Bitway (BTW) is 207562.2× the size of Coral Finance (CORL) by market capitalisation. Over the past 30 days, BTW is ahead by 82.9 percentage points (CORL -37.4% against BTW +45.5%). Their daily returns move barely together (correlation 0.24 across 22 shared trading days). BTW has been the more volatile of the two, at 362% annualised against CORL's 136%.

Correlation: 0.24
Size ratio: 1 : 207562.2
Ahead over 30 days: BTW

Coral FinanceCORL

$3.009e-5

24h: -4.44%
Market cap: $7,299
Volume 24h: $55
Volatility (ann.): 136%

BitwayBTW

$1.0040

24h: -5.74%
Market cap: $1.51B
Volume 24h: $3.63M
Volatility (ann.): 362%

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

Performance

CORLBTW

7 days-34.47%-40.12%CORL
30 days-37.44%+45.45%BTW

Correlation

0.24over 22 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	CORL	BTW
Max drawdown (400d)	-48.3%	-60.7%
Risk-adjusted return (90d)	-0.30	0.48

Relative strength over 90 days: BTW outperformed CORL by 2.4% — measured on the CORL/BTW ratio, so it holds regardless of market direction.

Coral Finance →Bitway →