Creditlink Token vs Bitway

Bitway (BTW) is 4315.3× the size of Creditlink Token (CDL) by market capitalisation. Over the past 30 days, BTW is ahead by 127.3 percentage points (CDL -53.9% against BTW +73.4%). Their daily returns move loosely in opposite directions (correlation -0.54 across 26 shared trading days). BTW has been the more volatile of the two, at 365% annualised against CDL's 147%.

Correlation: -0.54
Size ratio: 1 : 4315.3
Ahead over 30 days: BTW

Creditlink TokenCDL

$0.001807

24h: -0.45%
Market cap: $369,786
Volume 24h: $43,282
Volatility (ann.): 147%

BitwayBTW

$1.0600

24h: +16.49%
Market cap: $1.60B
Volume 24h: $6.94M
Volatility (ann.): 365%

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

Performance

CDLBTW

7 days-46.40%-44.93%BTW
30 days-53.91%+73.36%BTW

Correlation

-0.54over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.5490d: 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	CDL	BTW
Max drawdown (400d)	-54.1%	-60.7%
Risk-adjusted return (90d)	-0.36	0.43

Relative strength over 90 days: BTW outperformed CDL by 79.2% — measured on the CDL/BTW ratio, so it holds regardless of market direction.

Creditlink Token →Bitway →