Olympus vs Bitway

Bitway (BTW) is 5.7× the size of Olympus (OHM) by market capitalisation. Over the past 30 days, BTW is ahead by 54.8 percentage points (OHM -9.4% against BTW +45.5%). Their daily returns move barely in opposite directions (correlation -0.06 across 59 shared trading days). BTW has been the more volatile of the two, at 362% annualised against OHM's 28%.

Correlation: -0.06
Size ratio: 1 : 5.7
Ahead over 30 days: BTW

OlympusOHM

$18.2600

24h: -0.65%
Market cap: $272.86M
Volume 24h: $201,763
Volatility (ann.): 28%

BitwayBTW

$1.0340

24h: +0.85%
Market cap: $1.56B
Volume 24h: $5.37M
Volatility (ann.): 362%

OHM 14.9%Share of the two combined market caps85.1% BTW

Performance

OHMBTW

7 days-4.73%-40.12%OHM
30 days-9.40%+45.45%BTW

Correlation

-0.06over 59 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1390d: 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	OHM	BTW
Max drawdown (400d)	-10.8%	-60.7%
Risk-adjusted return (90d)	-0.03	0.48

Relative strength over 90 days: BTW outperformed OHM by 64.0% — measured on the OHM/BTW ratio, so it holds regardless of market direction.

Olympus →Bitway →