DeltaPrime vs Bitway

Bitway (BTW) is 21035.7× the size of DeltaPrime (PRIME) by market capitalisation. Over the past 30 days, BTW is ahead by 106.6 percentage points (PRIME -61.2% against BTW +45.5%). Their daily returns move barely together (correlation 0.25 across 24 shared trading days). BTW has been the more volatile of the two, at 362% annualised against PRIME's 180%.

Correlation: 0.25
Size ratio: 1 : 21035.7
Ahead over 30 days: BTW

DeltaPrimePRIME

$0.006858

24h: —
Market cap: $74,053
Volume 24h: $5
Volatility (ann.): 180%

BitwayBTW

$1.0350

24h: +5.15%
Market cap: $1.56B
Volume 24h: $5.96M
Volatility (ann.): 362%

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

Performance

PRIMEBTW

7 days+2.20%-40.12%PRIME
30 days-61.15%+45.45%BTW

Correlation

0.25over 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	PRIME	BTW
Max drawdown (400d)	-67.5%	-60.7%
Risk-adjusted return (90d)	-0.35	0.48

Relative strength over 90 days: BTW outperformed PRIME by 5.2% — measured on the PRIME/BTW ratio, so it holds regardless of market direction.

DeltaPrime →Bitway →