Shadow Token vs BitTorrent

BitTorrent (BTT) is 91.0× the size of Shadow Token (SHDW) by market capitalisation. Over the past 30 days, SHDW is ahead by 2.1 percentage points (SHDW +13.0% against BTT +11.0%). Their daily returns move closely together (correlation 0.66 across 30 shared trading days). SHDW has been the more volatile of the two, at 244% annualised against BTT's 50%.

Correlation: 0.66
Size ratio: 1 : 91.0
Ahead over 30 days: SHDW

Shadow TokenSHDW

$0.022833

24h: +3.29%
Market cap: $3.86M
Volume 24h: $34,385
Volatility (ann.): 244%

BitTorrentBTT

$3.637e-7

24h: -0.84%
Market cap: $351.16M
Volume 24h: $25.86M
Volatility (ann.): 50%

SHDW 1.1%Share of the two combined market caps98.9% BTT

Performance

SHDWBTT

7 days-6.93%+0.84%BTT
30 days+13.05%+10.95%SHDW

Correlation

0.66over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6690d: 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	SHDW	BTT
Max drawdown (400d)	-36.7%	-8.3%
Risk-adjusted return (90d)	0.04	0.81

Relative strength over 90 days: BTT outperformed SHDW by 13.5% — measured on the SHDW/BTT ratio, so it holds regardless of market direction.

Shadow Token →BitTorrent →