Planet Finance vs Bitway

Bitway (BTW) is 15819.1× the size of Planet Finance (AQUA) by market capitalisation. Over the past 30 days, BTW is ahead by 53.4 percentage points (AQUA -8.0% against BTW +45.5%). Their daily returns move barely together (correlation 0.11 across 24 shared trading days). BTW has been the more volatile of the two, at 362% annualised against AQUA's 35%.

Correlation: 0.11
Size ratio: 1 : 15819.1
Ahead over 30 days: BTW

Planet FinanceAQUA

$1.0890

24h: +3.38%
Market cap: $97,433
Volume 24h: $13
Volatility (ann.): 35%

BitwayBTW

$1.0240

24h: -4.80%
Market cap: $1.54B
Volume 24h: $4.81M
Volatility (ann.): 362%

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

Performance

AQUABTW

7 days-3.04%-40.12%AQUA
30 days-7.97%+45.45%BTW

Correlation

0.11over 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	AQUA	BTW
Max drawdown (400d)	-10.7%	-60.7%
Risk-adjusted return (90d)	-0.18	0.48

Relative strength over 90 days: AQUA outperformed BTW by 62.4% — measured on the AQUA/BTW ratio, so it holds regardless of market direction.

Planet Finance →Bitway →