Position vs Bitway

Bitway (BTW) is 8452.4× the size of Position (POSI) by market capitalisation. Over the past 30 days, BTW is ahead by 61.4 percentage points (POSI -15.9% against BTW +45.5%). Their daily returns move barely together (correlation 0.06 across 24 shared trading days). BTW has been the more volatile of the two, at 362% annualised against POSI's 57%.

Correlation: 0.06
Size ratio: 1 : 8452.4
Ahead over 30 days: BTW

PositionPOSI

$0.001996

24h: -19.03%
Market cap: $183,204
Volume 24h: $8,880
Volatility (ann.): 57%

BitwayBTW

$1.0280

24h: -5.58%
Market cap: $1.55B
Volume 24h: $3.55M
Volatility (ann.): 362%

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

Performance

POSIBTW

7 days-14.12%-40.12%POSI
30 days-15.91%+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	POSI	BTW
Max drawdown (400d)	-17.4%	-60.7%
Risk-adjusted return (90d)	-0.27	0.48

Relative strength over 90 days: POSI outperformed BTW by 47.5% — measured on the POSI/BTW ratio, so it holds regardless of market direction.

Position →Bitway →