Denar Markets vs Bitway

Bitway (BTW) is 250598.8× the size of Denar Markets (DENAR) by market capitalisation. Over the past 30 days, BTW is ahead by 172.7 percentage points (DENAR -99.4% against BTW +73.4%). Their daily returns move loosely in opposite directions (correlation -0.48 across 26 shared trading days). DENAR has been the more volatile of the two, at 670% annualised against BTW's 365%.

Correlation: -0.48
Size ratio: 1 : 250598.8
Ahead over 30 days: BTW

Denar MarketsDENAR

$6.380e-6

24h: -1.17%
Market cap: $6,379
Volume 24h: $64
Volatility (ann.): 670%

BitwayBTW

$1.0630

24h: +1.06%
Market cap: $1.60B
Volume 24h: $5.81M
Volatility (ann.): 365%

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

Performance

DENARBTW

7 days-97.24%-44.93%BTW
30 days-99.35%+73.36%BTW

Correlation

-0.48over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.4890d: 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	DENAR	BTW
Max drawdown (400d)	-99.7%	-60.7%
Risk-adjusted return (90d)	-0.15	0.43

Relative strength over 90 days: BTW outperformed DENAR by 99.8% — measured on the DENAR/BTW ratio, so it holds regardless of market direction.

Denar Markets →Bitway →