Rally vs Bitway

Bitway (BTW) is 17782.3× the size of Rally (RLY) by market capitalisation. Over the past 30 days, BTW is ahead by 81.1 percentage points (RLY -12.7% against BTW +68.4%). Their daily returns move barely together (correlation 0.20 across 25 shared trading days). BTW has been the more volatile of the two, at 359% annualised against RLY's 135%.

Correlation: 0.20
Size ratio: 1 : 17782.3
Ahead over 30 days: BTW

RallyRLY

$1.704e-5

24h: -5.95%
Market cap: $103,080
Volume 24h: $49
Volatility (ann.): 135%

BitwayBTW

$1.2200

24h: +23.05%
Market cap: $1.83B
Volume 24h: $6.41M
Volatility (ann.): 359%

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

Performance

RLYBTW

7 days+37.68%-31.25%RLY
30 days-12.67%+68.43%BTW

Correlation

0.20over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2090d: 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	RLY	BTW
Max drawdown (400d)	-40.9%	-60.7%
Risk-adjusted return (90d)	-0.14	0.54

Relative strength over 90 days: RLY outperformed BTW by 48.5% — measured on the RLY/BTW ratio, so it holds regardless of market direction.

Rally →Bitway →