OLY vs Bitway

Bitway (BTW) is 348.3× the size of OLY (OLY) by market capitalisation. Over the past 30 days, BTW is ahead by 73.3 percentage points (OLY +0.1% against BTW +73.4%). Their daily returns move barely together (correlation 0.07 across 23 shared trading days). BTW has been the more volatile of the two, at 365% annualised against OLY's 54%.

Correlation: 0.07
Size ratio: 1 : 348.3
Ahead over 30 days: BTW

OLYOLY

$0.020393

24h: +2.66%
Market cap: $4.60M
Volume 24h: $2,028
Volatility (ann.): 54%

BitwayBTW

$1.0630

24h: +6.52%
Market cap: $1.60B
Volume 24h: $6.57M
Volatility (ann.): 365%

OLY 0.3%Share of the two combined market caps99.7% BTW

Performance

OLYBTW

7 days+2.54%-44.93%OLY
30 days+0.09%+73.36%BTW

Correlation

0.07over 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	OLY	BTW
Max drawdown (400d)	-13.6%	-60.7%
Risk-adjusted return (90d)	-0.03	0.43

Relative strength over 90 days: OLY outperformed BTW by 87.7% — measured on the OLY/BTW ratio, so it holds regardless of market direction.

OLY →Bitway →