ICHI vs Bitway

Bitway (BTW) is 2681.1× the size of ICHI (ICHI) by market capitalisation. Over the past 30 days, BTW is ahead by 107.6 percentage points (ICHI -34.2% against BTW +73.4%). Their daily returns move barely in opposite directions (correlation -0.23 across 28 shared trading days). BTW has been the more volatile of the two, at 365% annualised against ICHI's 101%.

Correlation: -0.23
Size ratio: 1 : 2681.1
Ahead over 30 days: BTW

ICHIICHI

$0.062473

24h: +0.23%
Market cap: $585,962
Volume 24h: $122
Volatility (ann.): 101%

BitwayBTW

$1.0430

24h: -0.13%
Market cap: $1.57B
Volume 24h: $6.55M
Volatility (ann.): 365%

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

Performance

ICHIBTW

7 days-1.95%-44.93%ICHI
30 days-34.25%+73.36%BTW

Correlation

-0.23over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2390d: 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	ICHI	BTW
Max drawdown (400d)	-36.8%	-60.7%
Risk-adjusted return (90d)	-0.34	0.43

Relative strength over 90 days: BTW outperformed ICHI by 72.0% — measured on the ICHI/BTW ratio, so it holds regardless of market direction.

ICHI →Bitway →