Nebula3 vs Bitway

Bitway (BTW) is 239143.8× the size of Nebula3 (SN3) by market capitalisation. Over the past 30 days, BTW is ahead by 74.7 percentage points (SN3 -6.2% against BTW +68.4%). Their daily returns move barely together (correlation 0.00 across 25 shared trading days). BTW has been the more volatile of the two, at 359% annualised against SN3's 282%.

Correlation: 0.00
Size ratio: 1 : 239143.8
Ahead over 30 days: BTW

Nebula3SN3

$1.904e-5

24h: —
Market cap: $6,956
Volume 24h: —
Volatility (ann.): 282%

BitwayBTW

$1.1000

24h: +6.77%
Market cap: $1.66B
Volume 24h: $5.53M
Volatility (ann.): 359%

SN3 0.0%Share of the two combined market caps100.0% BTW

Performance

SN3BTW

7 days+26.75%-31.25%SN3
30 days-6.24%+68.43%BTW

Correlation

0.00over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0090d: 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	SN3	BTW
Max drawdown (400d)	-52.0%	-60.7%
Risk-adjusted return (90d)	-0.12	0.54

Relative strength over 90 days: SN3 outperformed BTW by 52.3% — measured on the SN3/BTW ratio, so it holds regardless of market direction.

Nebula3 →Bitway →