EMIT vs Bitway

Bitway (BTW) is 20840.2× the size of EMIT (EMIT) by market capitalisation. Over the past 30 days, BTW is ahead by 99.0 percentage points (EMIT -53.6% against BTW +45.5%). Their daily returns move barely in opposite directions (correlation -0.22 across 24 shared trading days). BTW has been the more volatile of the two, at 362% annualised against EMIT's 125%.

Correlation: -0.22
Size ratio: 1 : 20840.2
Ahead over 30 days: BTW

EMITEMIT

$0.172813

24h: +6.06%
Market cap: $71,323
Volume 24h: $84
Volatility (ann.): 125%

BitwayBTW

$0.987116

24h: -11.29%
Market cap: $1.49B
Volume 24h: $3.66M
Volatility (ann.): 362%

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

Performance

EMITBTW

7 days-1.32%-40.12%EMIT
30 days-53.58%+45.45%BTW

Correlation

-0.22over 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	EMIT	BTW
Max drawdown (400d)	-55.1%	-60.7%
Risk-adjusted return (90d)	-0.42	0.48

Relative strength over 90 days: BTW outperformed EMIT by 12.5% — measured on the EMIT/BTW ratio, so it holds regardless of market direction.

EMIT →Bitway →