AB vs Bitway

Bitway (BTW) is 30.2× the size of AB (AB) by market capitalisation. Over the past 30 days, BTW is ahead by 104.0 percentage points (AB -30.7% against BTW +73.4%). Their daily returns move loosely in opposite directions (correlation -0.57 across 52 shared trading days). BTW has been the more volatile of the two, at 365% annualised against AB's 62%.

Correlation: -0.57
Size ratio: 1 : 30.2
Ahead over 30 days: BTW

ABAB

$0.000523

24h: +0.79%
Market cap: $51.74M
Volume 24h: $553,828
Volatility (ann.): 62%

BitwayBTW

$1.0390

24h: +6.69%
Market cap: $1.56B
Volume 24h: $6.40M
Volatility (ann.): 365%

AB 3.2%Share of the two combined market caps96.8% BTW

Performance

ABBTW

7 days-1.88%-44.93%AB
30 days-30.65%+73.36%BTW

Correlation

-0.57over 52 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.6090d: 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	AB	BTW
Max drawdown (400d)	-47.4%	-60.7%
Risk-adjusted return (90d)	-0.74	0.43

Relative strength over 90 days: BTW outperformed AB by 79.4% — measured on the AB/BTW ratio, so it holds regardless of market direction.

AB →Bitway →