Dora Factory vs Bitway

Bitway (BTW) is 431.1× the size of Dora Factory (DORA) by market capitalisation. Over the past 30 days, BTW is ahead by 120.1 percentage points (DORA -46.7% against BTW +73.4%). Their daily returns move closely in opposite directions (correlation -0.76 across 21 shared trading days). BTW has been the more volatile of the two, at 365% annualised against DORA's 297%.

Correlation: -0.76
Size ratio: 1 : 431.1
Ahead over 30 days: BTW

Dora FactoryDORA

$0.003732

24h: -0.68%
Market cap: $3.73M
Volume 24h: $557
Volatility (ann.): 297%

BitwayBTW

$1.0680

24h: +4.51%
Market cap: $1.61B
Volume 24h: $6.55M
Volatility (ann.): 365%

DORA 0.2%Share of the two combined market caps99.8% BTW

Performance

DORABTW

7 days-66.05%-44.93%BTW
30 days-46.73%+73.36%BTW

Correlation

-0.76over 21 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	DORA	BTW
Max drawdown (400d)	-66.6%	-60.7%
Risk-adjusted return (90d)	-0.16	0.43

Relative strength over 90 days: BTW outperformed DORA by 81.0% — measured on the DORA/BTW ratio, so it holds regardless of market direction.

Dora Factory →Bitway →