RealLink vs Bitway

Bitway (BTW) is 39.0× the size of RealLink (REAL) by market capitalisation. Over the past 30 days, BTW is ahead by 156.4 percentage points (REAL -83.0% against BTW +73.4%). Their daily returns move barely in opposite directions (correlation -0.15 across 45 shared trading days). BTW has been the more volatile of the two, at 365% annualised against REAL's 271%.

Correlation: -0.15
Size ratio: 1 : 39.0
Ahead over 30 days: BTW

RealLinkREAL

$0.012415

24h: +5.93%
Market cap: $42.83M
Volume 24h: $84,848
Volatility (ann.): 271%

BitwayBTW

$1.1100

24h: +23.07%
Market cap: $1.67B
Volume 24h: $7.07M
Volatility (ann.): 365%

REAL 2.5%Share of the two combined market caps97.5% BTW

Performance

REALBTW

7 days+11.97%-44.93%REAL
30 days-83.01%+73.36%BTW

Correlation

-0.15over 45 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1490d: 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	REAL	BTW
Max drawdown (400d)	-90.0%	-60.7%
Risk-adjusted return (90d)	-0.31	0.43

Relative strength over 90 days: BTW outperformed REAL by 94.0% — measured on the REAL/BTW ratio, so it holds regardless of market direction.

RealLink →Bitway →