MetaArena vs Bitway

Bitway (BTW) is 78039.7× the size of MetaArena (TIMI) by market capitalisation. Over the past 30 days, BTW is ahead by 124.7 percentage points (TIMI -56.3% against BTW +68.4%). Their daily returns move barely in opposite directions (correlation -0.07 across 25 shared trading days). BTW has been the more volatile of the two, at 359% annualised against TIMI's 188%.

Correlation: -0.07
Size ratio: 1 : 78039.7
Ahead over 30 days: BTW

MetaArenaTIMI

$6.304e-5

24h: —
Market cap: $22,967
Volume 24h: $149
Volatility (ann.): 188%

BitwayBTW

$1.1900

24h: +6.99%
Market cap: $1.79B
Volume 24h: $6.81M
Volatility (ann.): 359%

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

Performance

TIMIBTW

7 days+4.08%-31.25%TIMI
30 days-56.27%+68.43%BTW

Correlation

-0.07over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0790d: 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	TIMI	BTW
Max drawdown (400d)	-72.6%	-60.7%
Risk-adjusted return (90d)	-0.31	0.54

Relative strength over 90 days: BTW outperformed TIMI by 1.6% — measured on the TIMI/BTW ratio, so it holds regardless of market direction.

MetaArena →Bitway →