SCADA vs Bitway

Bitway (BTW) is 13629.2× the size of SCADA (SCADA) by market capitalisation. Over the past 30 days, BTW is ahead by 40.0 percentage points (SCADA +5.5% against BTW +45.5%). Their daily returns move barely in opposite directions (correlation -0.08 across 24 shared trading days). BTW has been the more volatile of the two, at 362% annualised against SCADA's 228%.

Correlation: -0.08
Size ratio: 1 : 13629.2
Ahead over 30 days: BTW

SCADASCADA

$0.000595

24h: +9.64%
Market cap: $108,028
Volume 24h: $306
Volatility (ann.): 228%

BitwayBTW

$0.977783

24h: -15.64%
Market cap: $1.47B
Volume 24h: $3.80M
Volatility (ann.): 362%

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

Performance

SCADABTW

7 days+74.71%-40.12%SCADA
30 days+5.49%+45.45%BTW

Correlation

-0.08over 24 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	SCADA	BTW
Max drawdown (400d)	-57.6%	-60.7%
Risk-adjusted return (90d)	0.00	0.48

Relative strength over 90 days: SCADA outperformed BTW by 43.9% — measured on the SCADA/BTW ratio, so it holds regardless of market direction.

SCADA →Bitway →