iCoin vs Bitway

Bitway (BTW) is 6483.7× the size of iCoin (ICOIN) by market capitalisation. Over the past 30 days, BTW is ahead by 172.5 percentage points (ICOIN -99.1% against BTW +73.4%). Their daily returns move barely in opposite directions (correlation -0.17 across 20 shared trading days). ICOIN has been the more volatile of the two, at 3553% annualised against BTW's 365%.

Correlation: -0.17
Size ratio: 1 : 6483.7
Ahead over 30 days: BTW

iCoinICOIN

$0.000255

24h: -0.60%
Market cap: $254,015
Volume 24h: $11,519
Volatility (ann.): 3553%

BitwayBTW

$1.0940

24h: +21.80%
Market cap: $1.65B
Volume 24h: $7.14M
Volatility (ann.): 365%

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

Performance

ICOINBTW

7 days-95.25%-44.93%BTW
30 days-99.11%+73.36%BTW

Correlation

-0.17over 20 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	ICOIN	BTW
Max drawdown (400d)	-99.9%	-60.7%
Risk-adjusted return (90d)	-0.03	0.43

Relative strength over 90 days: BTW outperformed ICOIN by 99.6% — measured on the ICOIN/BTW ratio, so it holds regardless of market direction.

iCoin →Bitway →