Overcall vs Bitway

Bitway (BTW) is 7777.4× the size of Overcall (OVER) by market capitalisation. Over the past 30 days, BTW is ahead by 108.9 percentage points (OVER -35.5% against BTW +73.4%). Their daily returns move barely in opposite directions (correlation -0.16 across 23 shared trading days). BTW has been the more volatile of the two, at 365% annualised against OVER's 193%.

Correlation: -0.16
Size ratio: 1 : 7777.4
Ahead over 30 days: BTW

OvercallOVER

$0.000643

24h: +1.39%
Market cap: $221,434
Volume 24h: $322
Volatility (ann.): 193%

BitwayBTW

$1.1400

24h: +16.08%
Market cap: $1.72B
Volume 24h: $6.48M
Volatility (ann.): 365%

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

Performance

OVERBTW

7 days-21.64%-44.93%OVER
30 days-35.53%+73.36%BTW

Correlation

-0.16over 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	OVER	BTW
Max drawdown (400d)	-51.1%	-60.7%
Risk-adjusted return (90d)	-0.10	0.43

Relative strength over 90 days: OVER outperformed BTW by 60.2% — measured on the OVER/BTW ratio, so it holds regardless of market direction.

Overcall →Bitway →