SPACEHOOD vs Bitway

Bitway (BTW) is 3501.3× the size of SPACEHOOD (SPACEHOOD) by market capitalisation. Over the past 30 days, BTW is ahead by 165.9 percentage points (SPACEHOOD -92.5% against BTW +73.4%). Their daily returns move barely in opposite directions (correlation -0.04 across 29 shared trading days). SPACEHOOD has been the more volatile of the two, at 448% annualised against BTW's 365%.

Correlation: -0.04
Size ratio: 1 : 3501.3
Ahead over 30 days: BTW

SPACEHOODSPACEHOOD

$0.000549

24h: +14.64%
Market cap: $491,868
Volume 24h: $1.12M
Volatility (ann.): 448%

BitwayBTW

$1.1400

24h: +16.08%
Market cap: $1.72B
Volume 24h: $6.48M
Volatility (ann.): 365%

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

Performance

SPACEHOODBTW

7 days-15.66%-44.93%SPACEHOOD
30 days-92.54%+73.36%BTW

Correlation

-0.04over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0490d: 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	SPACEHOOD	BTW
Max drawdown (400d)	-97.0%	-60.7%
Risk-adjusted return (90d)	-0.22	0.43

Relative strength over 90 days: BTW outperformed SPACEHOOD by 98.5% — measured on the SPACEHOOD/BTW ratio, so it holds regardless of market direction.

SPACEHOOD →Bitway →