mStable Governance: Meta vs Bitway

Bitway (BTW) is 988.8× the size of mStable Governance: Meta (MTA) by market capitalisation. Over the past 30 days, BTW is ahead by 72.7 percentage points (MTA +0.7% against BTW +73.4%). Their daily returns move barely together (correlation 0.16 across 30 shared trading days). BTW has been the more volatile of the two, at 365% annualised against MTA's 64%.

Correlation: 0.16
Size ratio: 1 : 988.8
Ahead over 30 days: BTW

mStable Governance: MetaMTA

$0.031417

24h: +1.18%
Market cap: $1.74M
Volume 24h: $54
Volatility (ann.): 64%

BitwayBTW

$1.1400

24h: +16.08%
Market cap: $1.72B
Volume 24h: $6.48M
Volatility (ann.): 365%

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

Performance

MTABTW

7 days-3.03%-44.93%MTA
30 days+0.69%+73.36%BTW

Correlation

0.16over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1690d: 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	MTA	BTW
Max drawdown (400d)	-8.4%	-60.7%
Risk-adjusted return (90d)	0.05	0.43

Relative strength over 90 days: BTW outperformed MTA by 56.4% — measured on the MTA/BTW ratio, so it holds regardless of market direction.

mStable Governance: Meta →Bitway →