saffron.finance vs Bitway

Bitway (BTW) is 205.5× the size of saffron.finance (SFI) by market capitalisation. Over the past 30 days, BTW is ahead by 105.0 percentage points (SFI -31.6% against BTW +73.4%). Their daily returns move barely in opposite directions (correlation -0.24 across 32 shared trading days). BTW has been the more volatile of the two, at 365% annualised against SFI's 88%.

Correlation: -0.24
Size ratio: 1 : 205.5
Ahead over 30 days: BTW

saffron.financeSFI

$102.1200

24h: +2.75%
Market cap: $8.18M
Volume 24h: $46,871
Volatility (ann.): 88%

BitwayBTW

$1.1200

24h: +13.05%
Market cap: $1.68B
Volume 24h: $6.14M
Volatility (ann.): 365%

SFI 0.5%Share of the two combined market caps99.5% BTW

Performance

SFIBTW

7 days-2.64%-44.93%SFI
30 days-31.62%+73.36%BTW

Correlation

-0.24over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2390d: 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	SFI	BTW
Max drawdown (400d)	-45.3%	-60.7%
Risk-adjusted return (90d)	-0.46	0.43

Relative strength over 90 days: BTW outperformed SFI by 72.9% — measured on the SFI/BTW ratio, so it holds regardless of market direction.

saffron.finance →Bitway →