Nash Smart Finance vs Bitway

Bitway (BTW) is 56242.1× the size of Nash Smart Finance (NASF) by market capitalisation. Over the past 30 days, BTW is ahead by 83.5 percentage points (NASF -15.0% against BTW +68.4%). Their daily returns move barely in opposite directions (correlation -0.24 across 25 shared trading days). BTW has been the more volatile of the two, at 359% annualised against NASF's 35%.

Correlation: -0.24
Size ratio: 1 : 56242.1
Ahead over 30 days: BTW

Nash Smart FinanceNASF

$0.002939

24h: -6.81%
Market cap: $29,392
Volume 24h: $134
Volatility (ann.): 35%

BitwayBTW

$1.0980

24h: +5.62%
Market cap: $1.65B
Volume 24h: $5.24M
Volatility (ann.): 359%

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

Performance

NASFBTW

7 days-9.95%-31.25%NASF
30 days-15.03%+68.43%BTW

Correlation

-0.24over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2490d: 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	NASF	BTW
Max drawdown (400d)	-15.0%	-60.7%
Risk-adjusted return (90d)	-0.40	0.54

Relative strength over 90 days: NASF outperformed BTW by 35.7% — measured on the NASF/BTW ratio, so it holds regardless of market direction.

Nash Smart Finance →Bitway →