Elastic Finance Token vs Bitway

Bitway (BTW) is 2603.5× the size of Elastic Finance Token (EEFI) by market capitalisation. Over the past 30 days, BTW is ahead by 62.9 percentage points (EEFI -17.5% against BTW +45.5%). Their daily returns move barely in opposite directions (correlation -0.14 across 29 shared trading days). BTW has been the more volatile of the two, at 362% annualised against EEFI's 46%.

Correlation: -0.14
Size ratio: 1 : 2603.5
Ahead over 30 days: BTW

Elastic Finance TokenEEFI

$9.2800

24h: +0.45%
Market cap: $592,022
Volume 24h: $544
Volatility (ann.): 46%

BitwayBTW

$1.0240

24h: +4.53%
Market cap: $1.54B
Volume 24h: $6.31M
Volatility (ann.): 362%

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

Performance

EEFIBTW

7 days-3.34%-40.12%EEFI
30 days-17.47%+45.45%BTW

Correlation

-0.14over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1490d: 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	EEFI	BTW
Max drawdown (400d)	-23.0%	-60.7%
Risk-adjusted return (90d)	-0.43	0.48

Relative strength over 90 days: BTW outperformed EEFI by 68.1% — measured on the EEFI/BTW ratio, so it holds regardless of market direction.

Elastic Finance Token →Bitway →