pNetwork vs Bitway

Bitway (BTW) is 34544.1× the size of pNetwork (PNT) by market capitalisation. Over the past 30 days, BTW is ahead by 125.7 percentage points (PNT -80.2% against BTW +45.5%). Their daily returns move barely in opposite directions (correlation -0.06 across 24 shared trading days). PNT has been the more volatile of the two, at 457% annualised against BTW's 362%.

Correlation: -0.06
Size ratio: 1 : 34544.1
Ahead over 30 days: BTW

pNetworkPNT

$0.000544

24h: -7.52%
Market cap: $47,897
Volume 24h: $543
Volatility (ann.): 457%

BitwayBTW

$1.0990

24h: +4.44%
Market cap: $1.65B
Volume 24h: $4.68M
Volatility (ann.): 362%

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

Performance

PNTBTW

7 days-54.07%-40.12%BTW
30 days-80.20%+45.45%BTW

Correlation

-0.06over 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	PNT	BTW
Max drawdown (400d)	-80.2%	-60.7%
Risk-adjusted return (90d)	-0.13	0.48

Relative strength over 90 days: BTW outperformed PNT by 52.0% — measured on the PNT/BTW ratio, so it holds regardless of market direction.

pNetwork →Bitway →