Outter Finance (OUT) and Bitway (BTW) compared side by side. Over the past 30 days, BTW is ahead by 95.7 percentage points (OUT -22.3% against BTW +73.4%). Their daily returns move barely in opposite directions (correlation -0.17 across 21 shared trading days). BTW has been the more volatile of the two, at 365% annualised against OUT's 39%.
OUTBTW
-0.17over 21 shared trading days
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.
| Metric | OUT | BTW |
|---|---|---|
| Max drawdown (400d) | -24.4% | -60.7% |
| Risk-adjusted return (90d) | -0.60 | 0.43 |
Relative strength over 90 days: OUT outperformed BTW by 54.4% — measured on the OUT/BTW ratio, so it holds regardless of market direction.