Greenwood vs Bitway

Bitway (BTW) is 7931.1× the size of Greenwood (GWOOD) by market capitalisation. Over the past 30 days, BTW is ahead by 79.9 percentage points (GWOOD -34.4% against BTW +45.5%). Their daily returns move barely together (correlation 0.11 across 23 shared trading days). BTW has been the more volatile of the two, at 362% annualised against GWOOD's 213%.

Correlation: 0.11
Size ratio: 1 : 7931.1
Ahead over 30 days: BTW

GreenwoodGWOOD

$0.000483

24h: —
Market cap: $193,230
Volume 24h: $10
Volatility (ann.): 213%

BitwayBTW

$1.0180

24h: +5.87%
Market cap: $1.53B
Volume 24h: $6.38M
Volatility (ann.): 362%

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

Performance

GWOODBTW

7 days-13.89%-40.12%GWOOD
30 days-34.41%+45.45%BTW

Correlation

0.11over 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	GWOOD	BTW
Max drawdown (400d)	-53.4%	-60.7%
Risk-adjusted return (90d)	-0.24	0.48

Relative strength over 90 days: GWOOD outperformed BTW by 13.9% — measured on the GWOOD/BTW ratio, so it holds regardless of market direction.

Greenwood →Bitway →