KARAT Galaxy vs Bitway

Bitway (BTW) is 953.9× the size of KARAT Galaxy (KARAT) by market capitalisation. Over the past 30 days, BTW is ahead by 96.3 percentage points (KARAT -23.0% against BTW +73.4%). Their daily returns move barely together (correlation 0.14 across 29 shared trading days). BTW has been the more volatile of the two, at 365% annualised against KARAT's 112%.

Correlation: 0.14
Size ratio: 1 : 953.9
Ahead over 30 days: BTW

KARAT GalaxyKARAT

$0.018766

24h: —
Market cap: $1.67M
Volume 24h: —
Volatility (ann.): 112%

BitwayBTW

$1.0600

24h: +16.49%
Market cap: $1.60B
Volume 24h: $6.94M
Volatility (ann.): 365%

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

Performance

KARATBTW

7 days-12.79%-44.93%KARAT
30 days-22.98%+73.36%BTW

Correlation

0.14over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1490d: 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	KARAT	BTW
Max drawdown (400d)	-36.9%	-60.7%
Risk-adjusted return (90d)	-0.06	0.43

Relative strength over 90 days: BTW outperformed KARAT by 60.9% — measured on the KARAT/BTW ratio, so it holds regardless of market direction.

KARAT Galaxy →Bitway →