Pharaoh Liquid Staking Token vs Bitway

Bitway (BTW) is 128.7× the size of Pharaoh Liquid Staking Token (P33) by market capitalisation. Over the past 30 days, BTW is ahead by 61.8 percentage points (P33 +11.6% against BTW +73.4%). Their daily returns move loosely together (correlation 0.47 across 32 shared trading days). BTW has been the more volatile of the two, at 365% annualised against P33's 164%.

Correlation: 0.47
Size ratio: 1 : 128.7
Ahead over 30 days: BTW

Pharaoh Liquid Staking TokenP33

$0.081357

24h: -0.11%
Market cap: $12.62M
Volume 24h: $20,982
Volatility (ann.): 164%

BitwayBTW

$1.0780

24h: +12.06%
Market cap: $1.62B
Volume 24h: $5.80M
Volatility (ann.): 365%

P33 0.8%Share of the two combined market caps99.2% BTW

Performance

P33BTW

7 days-1.50%-44.93%P33
30 days+11.58%+73.36%BTW

Correlation

0.47over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4690d: 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	P33	BTW
Max drawdown (400d)	-38.3%	-60.7%
Risk-adjusted return (90d)	0.19	0.43

Relative strength over 90 days: BTW outperformed P33 by 39.9% — measured on the P33/BTW ratio, so it holds regardless of market direction.

Pharaoh Liquid Staking Token →Bitway →