Prism vs Bitway

Bitway (BTW) is 102885.7× the size of Prism (PRISM) by market capitalisation. Over the past 30 days, BTW is ahead by 71.4 percentage points (PRISM -26.0% against BTW +45.5%). Their daily returns move barely in opposite directions (correlation -0.03 across 20 shared trading days). BTW has been the more volatile of the two, at 362% annualised against PRISM's 53%.

Correlation: -0.03
Size ratio: 1 : 102885.7
Ahead over 30 days: BTW

PrismPRISM

$3.2600

24h: +6.27%
Market cap: $16,289
Volume 24h: $10
Volatility (ann.): 53%

BitwayBTW

$1.1100

24h: +4.60%
Market cap: $1.68B
Volume 24h: $4.73M
Volatility (ann.): 362%

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

Performance

PRISMBTW

7 days-5.18%-40.12%PRISM
30 days-25.95%+45.45%BTW

Correlation

-0.03over 20 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	PRISM	BTW
Max drawdown (400d)	-28.5%	-60.7%
Risk-adjusted return (90d)	-0.49	0.48

Relative strength over 90 days: PRISM outperformed BTW by 27.8% — measured on the PRISM/BTW ratio, so it holds regardless of market direction.

Prism →Bitway →