Power Protocol vs Bitway

Bitway (BTW) is 106.5× the size of Power Protocol (POWER) by market capitalisation. Over the past 30 days, BTW is ahead by 90.1 percentage points (POWER -16.8% against BTW +73.4%). Their daily returns move loosely in opposite directions (correlation -0.40 across 34 shared trading days). BTW has been the more volatile of the two, at 365% annualised against POWER's 219%.

Correlation: -0.40
Size ratio: 1 : 106.5
Ahead over 30 days: BTW

Power ProtocolPOWER

$0.071262

24h: +1.76%
Market cap: $14.96M
Volume 24h: $1.37M
Volatility (ann.): 219%

BitwayBTW

$1.0580

24h: +2.58%
Market cap: $1.59B
Volume 24h: $6.53M
Volatility (ann.): 365%

POWER 0.9%Share of the two combined market caps99.1% BTW

Performance

POWERBTW

7 days-11.20%-44.93%POWER
30 days-16.79%+73.36%BTW

Correlation

-0.40over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.4090d: 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	POWER	BTW
Max drawdown (400d)	-63.7%	-60.7%
Risk-adjusted return (90d)	-0.02	0.43

Relative strength over 90 days: BTW outperformed POWER by 60.5% — measured on the POWER/BTW ratio, so it holds regardless of market direction.

Power Protocol →Bitway →