Ouroboros vs Bitway

Bitway (BTW) is 5116.1× the size of Ouroboros (ORX) by market capitalisation. Over the past 30 days, BTW is ahead by 59.7 percentage points (ORX -14.3% against BTW +45.5%). Their daily returns move loosely in opposite directions (correlation -0.40 across 24 shared trading days). BTW has been the more volatile of the two, at 362% annualised against ORX's 111%.

Correlation: -0.40
Size ratio: 1 : 5116.1
Ahead over 30 days: BTW

OuroborosORX

$0.000536

24h: +4.30%
Market cap: $304,479
Volume 24h: $4,021
Volatility (ann.): 111%

BitwayBTW

$1.0350

24h: +5.15%
Market cap: $1.56B
Volume 24h: $5.96M
Volatility (ann.): 362%

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

Performance

ORXBTW

7 days-2.75%-40.12%ORX
30 days-14.26%+45.45%BTW

Correlation

-0.40over 24 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	ORX	BTW
Max drawdown (400d)	-28.9%	-60.7%
Risk-adjusted return (90d)	-0.17	0.48

Relative strength over 90 days: ORX outperformed BTW by 77.5% — measured on the ORX/BTW ratio, so it holds regardless of market direction.

Ouroboros →Bitway →