Nexora vs Bitway

Bitway (BTW) is 525.4× the size of Nexora (NEX) by market capitalisation. Over the past 30 days, BTW is ahead by 107.4 percentage points (NEX -34.1% against BTW +73.4%). Their daily returns move closely in opposite directions (correlation -0.75 across 23 shared trading days). BTW has been the more volatile of the two, at 365% annualised against NEX's 72%.

Correlation: -0.75
Size ratio: 1 : 525.4
Ahead over 30 days: BTW

NexoraNEX

$0.052671

24h: +0.90%
Market cap: $2.95M
Volume 24h: $28,182
Volatility (ann.): 72%

BitwayBTW

$1.0290

24h: +6.10%
Market cap: $1.55B
Volume 24h: $6.39M
Volatility (ann.): 365%

NEX 0.2%Share of the two combined market caps99.8% BTW

Performance

NEXBTW

7 days-17.71%-44.93%NEX
30 days-34.08%+73.36%BTW

Correlation

-0.75over 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	NEX	BTW
Max drawdown (400d)	-35.1%	-60.7%
Risk-adjusted return (90d)	-0.48	0.43

Relative strength over 90 days: BTW outperformed NEX by 72.5% — measured on the NEX/BTW ratio, so it holds regardless of market direction.

Nexora →Bitway →