Gorilla vs Bitway

Bitway (BTW) is 12488.8× the size of Gorilla (GORILLA) by market capitalisation. Over the past 30 days, BTW is ahead by 58.5 percentage points (GORILLA -13.0% against BTW +45.5%). Their daily returns move barely together (correlation 0.09 across 27 shared trading days). BTW has been the more volatile of the two, at 362% annualised against GORILLA's 49%.

Correlation: 0.09
Size ratio: 1 : 12488.8
Ahead over 30 days: BTW

GorillaGORILLA

$0.000123

24h: +3.48%
Market cap: $123,415
Volume 24h: $24,818
Volatility (ann.): 49%

BitwayBTW

$1.0240

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

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

Performance

GORILLABTW

7 days-7.09%-40.12%GORILLA
30 days-13.04%+45.45%BTW

Correlation

0.09over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0990d: 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	GORILLA	BTW
Max drawdown (400d)	-18.9%	-60.7%
Risk-adjusted return (90d)	-0.07	0.48

Relative strength over 90 days: BTW outperformed GORILLA by 60.0% — measured on the GORILLA/BTW ratio, so it holds regardless of market direction.

Gorilla →Bitway →