NEXION vs Bitway

Bitway (BTW) is 35197.4× the size of NEXION (NEON) by market capitalisation. Over the past 30 days, BTW is ahead by 98.5 percentage points (NEON -53.1% against BTW +45.5%). Their daily returns move barely in opposite directions (correlation -0.07 across 22 shared trading days). BTW has been the more volatile of the two, at 362% annualised against NEON's 159%.

Correlation: -0.07
Size ratio: 1 : 35197.4
Ahead over 30 days: BTW

NEXIONNEON

$5.844e-5

24h: +6.09%
Market cap: $47,008
Volume 24h: $118
Volatility (ann.): 159%

BitwayBTW

$1.0990

24h: +4.44%
Market cap: $1.65B
Volume 24h: $4.68M
Volatility (ann.): 362%

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

Performance

NEONBTW

7 days-4.04%-40.12%NEON
30 days-53.08%+45.45%BTW

Correlation

-0.07over 22 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	NEON	BTW
Max drawdown (400d)	-54.8%	-60.7%
Risk-adjusted return (90d)	-0.33	0.48

Relative strength over 90 days: BTW outperformed NEON by 8.2% — measured on the NEON/BTW ratio, so it holds regardless of market direction.

NEXION →Bitway →