Nubila Network vs Bitway

Bitway (BTW) is 15857.0× the size of Nubila Network (NB) by market capitalisation. Over the past 30 days, BTW is ahead by 70.0 percentage points (NB -24.6% against BTW +45.5%). Their daily returns move loosely together (correlation 0.42 across 26 shared trading days). Both have run at a similar volatility, around 344% annualised.

Correlation: 0.42
Size ratio: 1 : 15857.0
Ahead over 30 days: BTW

Nubila NetworkNB

$0.000519

24h: +2.88%
Market cap: $95,533
Volume 24h: $5,975
Volatility (ann.): 326%

BitwayBTW

$1.0060

24h: -8.88%
Market cap: $1.51B
Volume 24h: $4.67M
Volatility (ann.): 362%

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

Performance

NBBTW

7 days-35.65%-40.12%NB
30 days-24.55%+45.45%BTW

Correlation

0.42over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4290d: 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	NB	BTW
Max drawdown (400d)	-61.3%	-60.7%
Risk-adjusted return (90d)	-0.08	0.48

Relative strength over 90 days: BTW outperformed NB by 69.1% — measured on the NB/BTW ratio, so it holds regardless of market direction.

Nubila Network →Bitway →