Hyperbeat Ultra HYPE vs Bitway

Bitway (BTW) is 941.7× the size of Hyperbeat Ultra HYPE (HBHYPE) by market capitalisation. Over the past 30 days, BTW is ahead by 71.5 percentage points (HBHYPE +1.9% against BTW +73.4%). Their daily returns move barely together (correlation 0.03 across 26 shared trading days). BTW has been the more volatile of the two, at 365% annualised against HBHYPE's 91%.

Correlation: 0.03
Size ratio: 1 : 941.7
Ahead over 30 days: BTW

Hyperbeat Ultra HYPEHBHYPE

$84.9800

24h: -2.02%
Market cap: $1.69M
Volume 24h: $79
Volatility (ann.): 91%

BitwayBTW

$1.0580

24h: +2.58%
Market cap: $1.59B
Volume 24h: $6.53M
Volatility (ann.): 365%

HBHYPE 0.1%Share of the two combined market caps99.9% BTW

Performance

HBHYPEBTW

7 days-5.82%-44.93%HBHYPE
30 days+1.85%+73.36%BTW

Correlation

0.03over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0390d: 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	HBHYPE	BTW
Max drawdown (400d)	-19.6%	-60.7%
Risk-adjusted return (90d)	0.05	0.43

Relative strength over 90 days: BTW outperformed HBHYPE by 55.9% — measured on the HBHYPE/BTW ratio, so it holds regardless of market direction.

Hyperbeat Ultra HYPE →Bitway →