Forty Two DAO Token vs Bitway

Bitway (BTW) is 8482.7× the size of Forty Two DAO Token (FTD) by market capitalisation. Over the past 30 days, BTW is ahead by 79.2 percentage points (FTD -33.8% against BTW +45.5%). Their daily returns move barely together (correlation 0.18 across 23 shared trading days). BTW has been the more volatile of the two, at 362% annualised against FTD's 154%.

Correlation: 0.18
Size ratio: 1 : 8482.7
Ahead over 30 days: BTW

Forty Two DAO TokenFTD

$0.001836

24h: -0.61%
Market cap: $183,640
Volume 24h: $4
Volatility (ann.): 154%

BitwayBTW

$1.0350

24h: +5.15%
Market cap: $1.56B
Volume 24h: $5.96M
Volatility (ann.): 362%

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

Performance

FTDBTW

7 days-10.52%-40.12%FTD
30 days-33.79%+45.45%BTW

Correlation

0.18over 23 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	FTD	BTW
Max drawdown (400d)	-49.7%	-60.7%
Risk-adjusted return (90d)	-0.22	0.48

Relative strength over 90 days: FTD outperformed BTW by 15.1% — measured on the FTD/BTW ratio, so it holds regardless of market direction.

Forty Two DAO Token →Bitway →