Momofun vs Bitway

Bitway (BTW) is 562406.4× the size of Momofun (MM) by market capitalisation. Over the past 30 days, BTW is ahead by 64.9 percentage points (MM -19.4% against BTW +45.5%). Their daily returns move loosely together (correlation 0.35 across 23 shared trading days). BTW has been the more volatile of the two, at 362% annualised against MM's 278%.

Correlation: 0.35
Size ratio: 1 : 562406.4
Ahead over 30 days: BTW

MomofunMM

$3.514e-7

24h: —
Market cap: $2,741
Volume 24h: —
Volatility (ann.): 278%

BitwayBTW

$1.0240

24h: +4.53%
Market cap: $1.54B
Volume 24h: $6.31M
Volatility (ann.): 362%

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

Performance

MMBTW

7 days-17.81%-40.12%MM
30 days-19.40%+45.45%BTW

Correlation

0.35over 23 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	MM	BTW
Max drawdown (400d)	-43.2%	-60.7%
Risk-adjusted return (90d)	-0.08	0.48

Relative strength over 90 days: MM outperformed BTW by 36.3% — measured on the MM/BTW ratio, so it holds regardless of market direction.

Momofun →Bitway →