Lamas Finance vs Bitway

Bitway (BTW) is 112861.3× the size of Lamas Finance (LMF) by market capitalisation. Over the past 30 days, BTW is ahead by 66.2 percentage points (LMF -20.7% against BTW +45.5%). Their daily returns move barely in opposite directions (correlation -0.14 across 24 shared trading days). BTW has been the more volatile of the two, at 362% annualised against LMF's 54%.

Correlation: -0.14
Size ratio: 1 : 112861.3
Ahead over 30 days: BTW

Lamas FinanceLMF

$0.001995

24h: +3.32%
Market cap: $14,634
Volume 24h: $80
Volatility (ann.): 54%

BitwayBTW

$1.0970

24h: +3.29%
Market cap: $1.65B
Volume 24h: $4.73M
Volatility (ann.): 362%

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

Performance

LMFBTW

7 days-6.06%-40.12%LMF
30 days-20.71%+45.45%BTW

Correlation

-0.14over 24 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	LMF	BTW
Max drawdown (400d)	-25.1%	-60.7%
Risk-adjusted return (90d)	-0.36	0.48

Relative strength over 90 days: LMF outperformed BTW by 46.2% — measured on the LMF/BTW ratio, so it holds regardless of market direction.

Lamas Finance →Bitway →