Privateum Global (PRI) and Bitway (BTW) compared side by side. Over the past 30 days, BTW is ahead by 71.6 percentage points (PRI +1.8% against BTW +73.4%). Their daily returns move barely in opposite directions (correlation -0.11 across 20 shared trading days). BTW has been the more volatile of the two, at 365% annualised against PRI's 12%.
PRIBTW
-0.11over 20 shared trading days
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.
| Metric | PRI | BTW |
|---|---|---|
| Max drawdown (400d) | -0.9% | -60.7% |
| Risk-adjusted return (90d) | 0.15 | 0.43 |
Relative strength over 90 days: PRI outperformed BTW by 58.4% — measured on the PRI/BTW ratio, so it holds regardless of market direction.