Penguin Finance vs Bitway

Bitway (BTW) is 48125.2× the size of Penguin Finance (PEFI) by market capitalisation. Over the past 30 days, BTW is ahead by 90.7 percentage points (PEFI -22.2% against BTW +68.4%). Their daily returns move barely in opposite directions (correlation -0.27 across 24 shared trading days). BTW has been the more volatile of the two, at 359% annualised against PEFI's 59%.

Correlation: -0.27
Size ratio: 1 : 48125.2
Ahead over 30 days: BTW

Penguin FinancePEFI

$0.001861

24h: +3.77%
Market cap: $35,651
Volume 24h: $104
Volatility (ann.): 59%

BitwayBTW

$1.1400

24h: +10.98%
Market cap: $1.72B
Volume 24h: $5.27M
Volatility (ann.): 359%

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

Performance

PEFIBTW

7 days-2.82%-31.25%PEFI
30 days-22.22%+68.43%BTW

Correlation

-0.27over 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	PEFI	BTW
Max drawdown (400d)	-25.3%	-60.7%
Risk-adjusted return (90d)	-0.39	0.54

Relative strength over 90 days: PEFI outperformed BTW by 28.1% — measured on the PEFI/BTW ratio, so it holds regardless of market direction.

Penguin Finance →Bitway →