Solstice vs Bitway

Bitway (BTW) is 170.4× the size of Solstice (SLX) by market capitalisation. Over the past 30 days, BTW is ahead by 115.2 percentage points (SLX -41.8% against BTW +73.4%). Their daily returns move barely together (correlation 0.18 across 28 shared trading days). BTW has been the more volatile of the two, at 365% annualised against SLX's 102%.

Correlation: 0.18
Size ratio: 1 : 170.4
Ahead over 30 days: BTW

SolsticeSLX

$0.039609

24h: -0.62%
Market cap: $9.62M
Volume 24h: $2.46M
Volatility (ann.): 102%

BitwayBTW

$1.0890

24h: +16.31%
Market cap: $1.64B
Volume 24h: $6.32M
Volatility (ann.): 365%

SLX 0.6%Share of the two combined market caps99.4% BTW

Performance

SLXBTW

7 days-43.84%-44.93%SLX
30 days-41.83%+73.36%BTW

Correlation

0.18over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1890d: 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)	-44.6%	-60.7%
Risk-adjusted return (90d)	-0.42	0.43

Relative strength over 90 days: BTW outperformed SLX by 73.9% — measured on the SLX/BTW ratio, so it holds regardless of market direction.

Solstice →Bitway →