Prosper [OLD] vs Bitway

Bitway (BTW) is 746.4× the size of Prosper [OLD] (PROS) by market capitalisation. Their daily returns move closely in opposite directions (correlation -0.62 across 25 shared trading days). BTW has been the more volatile of the two, at 365% annualised against PROS's 9%.

Correlation: -0.62
Size ratio: 1 : 746.4

Prosper [OLD]PROS

$0.041455

24h: +0.06%
Market cap: $2.13M
Volume 24h: $80
Volatility (ann.): 9%

BitwayBTW

$1.0550

24h: +1.72%
Market cap: $1.59B
Volume 24h: $6.45M
Volatility (ann.): 365%

PROS 0.1%Share of the two combined market caps99.9% BTW

Performance

PROSBTW

7 days-2.38%-44.93%PROS
30 days-2.50%+73.36%BTW
90 days-4.98%——

Correlation

-0.62over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.6290d: 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	PROS	BTW
Max drawdown (400d)	-9.3%	-60.7%
Risk-adjusted return (90d)	-0.50	0.43

Relative strength over 90 days: BTW outperformed PROS by 64.3% — measured on the PROS/BTW ratio, so it holds regardless of market direction.

Prosper [OLD] →Bitway →