Equilibria Finance vs Bitway

Bitway (BTW) is 141.7× the size of Equilibria Finance (EQB) by market capitalisation. Over the past 30 days, BTW is ahead by 39.7 percentage points (EQB +33.6% against BTW +73.4%). Their daily returns move barely in opposite directions (correlation -0.04 across 32 shared trading days). EQB has been the more volatile of the two, at 536% annualised against BTW's 365%.

Correlation: -0.04
Size ratio: 1 : 141.7
Ahead over 30 days: BTW

Equilibria FinanceEQB

$0.121540

24h: -0.26%
Market cap: $12.15M
Volume 24h: $423
Volatility (ann.): 536%

BitwayBTW

$1.1400

24h: +16.08%
Market cap: $1.72B
Volume 24h: $6.48M
Volatility (ann.): 365%

EQB 0.7%Share of the two combined market caps99.3% BTW

Performance

EQBBTW

7 days+0.16%-44.93%EQB
30 days+33.63%+73.36%BTW

Correlation

-0.04over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0590d: 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	EQB	BTW
Max drawdown (400d)	-48.5%	-60.7%
Risk-adjusted return (90d)	0.69	0.43

Relative strength over 90 days: EQB outperformed BTW by 116.1% — measured on the EQB/BTW ratio, so it holds regardless of market direction.

Equilibria Finance →Bitway →