eLur-coin vs Bitway

Bitway (BTW) is 14387.7× the size of eLur-coin (ELURC) by market capitalisation. Over the past 30 days, BTW is ahead by 54.8 percentage points (ELURC -9.3% against BTW +45.5%). Their daily returns move barely in opposite directions (correlation -0.10 across 24 shared trading days). BTW has been the more volatile of the two, at 362% annualised against ELURC's 19%.

Correlation: -0.10
Size ratio: 1 : 14387.7
Ahead over 30 days: BTW

eLur-coinELURC

$0.000107

24h: +2.07%
Market cap: $107,126
Volume 24h: $846
Volatility (ann.): 19%

BitwayBTW

$1.0240

24h: -4.80%
Market cap: $1.54B
Volume 24h: $4.81M
Volatility (ann.): 362%

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

Performance

ELURCBTW

7 days-2.10%-40.12%ELURC
30 days-9.32%+45.45%BTW

Correlation

-0.10over 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	ELURC	BTW
Max drawdown (400d)	-11.2%	-60.7%
Risk-adjusted return (90d)	-0.43	0.48

Relative strength over 90 days: ELURC outperformed BTW by 60.1% — measured on the ELURC/BTW ratio, so it holds regardless of market direction.

eLur-coin →Bitway →