Datagram Network vs Bitway

Bitway (BTW) is 454212.7× the size of Datagram Network (DGRAM) by market capitalisation. Over the past 30 days, BTW is ahead by 38.2 percentage points (DGRAM +7.3% against BTW +45.5%). Their daily returns move barely in opposite directions (correlation -0.15 across 24 shared trading days). BTW has been the more volatile of the two, at 362% annualised against DGRAM's 237%.

Correlation: -0.15
Size ratio: 1 : 454212.7
Ahead over 30 days: BTW

Datagram NetworkDGRAM

$1.378e-5

24h: -3.64%
Market cap: $3,430
Volume 24h: $37
Volatility (ann.): 237%

BitwayBTW

$1.0350

24h: +5.15%
Market cap: $1.56B
Volume 24h: $5.96M
Volatility (ann.): 362%

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

Performance

DGRAMBTW

7 days+0.51%-40.12%DGRAM
30 days+7.30%+45.45%BTW

Correlation

-0.15over 24 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	DGRAM	BTW
Max drawdown (400d)	-37.8%	-60.7%
Risk-adjusted return (90d)	-0.10	0.48

Relative strength over 90 days: DGRAM outperformed BTW by 33.9% — measured on the DGRAM/BTW ratio, so it holds regardless of market direction.

Datagram Network →Bitway →