Cycle Network vs Bitway

Bitway (BTW) is 186.3× the size of Cycle Network (CYC) by market capitalisation. Over the past 30 days, CYC is ahead by 220.4 percentage points (CYC +293.7% against BTW +73.4%). Their daily returns move very closely together (correlation 0.88 across 22 shared trading days). BTW has been the more volatile of the two, at 365% annualised against CYC's 223%.

Correlation: 0.88
Size ratio: 1 : 186.3
Ahead over 30 days: CYC

Cycle NetworkCYC

$0.058594

24h: -1.57%
Market cap: $8.91M
Volume 24h: $389,350
Volatility (ann.): 223%

BitwayBTW

$1.1000

24h: +11.57%
Market cap: $1.66B
Volume 24h: $5.86M
Volatility (ann.): 365%

CYC 0.5%Share of the two combined market caps99.5% BTW

Performance

CYCBTW

7 days+50.53%-44.93%CYC
30 days+293.73%+73.36%CYC

Correlation

0.88over 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	CYC	BTW
Max drawdown (400d)	-23.6%	-60.7%
Risk-adjusted return (90d)	1.32	0.43

Relative strength over 90 days: CYC outperformed BTW by 55.1% — measured on the CYC/BTW ratio, so it holds regardless of market direction.

Cycle Network →Bitway →