Slimex vs Bitway

Bitway (BTW) is 133312.8× the size of Slimex (SLX) by market capitalisation. Over the past 30 days, BTW is ahead by 139.1 percentage points (SLX -93.6% against BTW +45.5%). Their daily returns move barely in opposite directions (correlation -0.29 across 27 shared trading days). BTW has been the more volatile of the two, at 362% annualised against SLX's 269%.

Correlation: -0.29
Size ratio: 1 : 133312.8
Ahead over 30 days: BTW

SlimexSLX

$4.545e-5

24h: -20.33%
Market cap: $11,363
Volume 24h: $259
Volatility (ann.): 269%

BitwayBTW

$1.0060

24h: -8.88%
Market cap: $1.51B
Volume 24h: $4.67M
Volatility (ann.): 362%

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

Performance

SLXBTW

7 days-47.09%-40.12%BTW
30 days-93.62%+45.45%BTW

Correlation

-0.29over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2990d: 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	SLX	BTW
Max drawdown (400d)	-93.8%	-60.7%
Risk-adjusted return (90d)	-0.35	0.48

Relative strength over 90 days: BTW outperformed SLX by 97.4% — measured on the SLX/BTW ratio, so it holds regardless of market direction.

Slimex →Bitway →