Statics Protocol vs Bitway

Bitway (BTW) is 314.3× the size of Statics Protocol (STATICS) by market capitalisation. Over the past 30 days, BTW is ahead by 128.8 percentage points (STATICS -55.5% against BTW +73.4%). Their daily returns move loosely together (correlation 0.50 across 25 shared trading days). BTW has been the more volatile of the two, at 365% annualised against STATICS's 243%.

Correlation: 0.50
Size ratio: 1 : 314.3
Ahead over 30 days: BTW

Statics ProtocolSTATICS

$0.007332

24h: -4.86%
Market cap: $5.28M
Volume 24h: $36,373
Volatility (ann.): 243%

BitwayBTW

$1.1000

24h: +11.57%
Market cap: $1.66B
Volume 24h: $5.86M
Volatility (ann.): 365%

STATICS 0.3%Share of the two combined market caps99.7% BTW

Performance

STATICSBTW

7 days-9.61%-44.93%STATICS
30 days-55.46%+73.36%BTW

Correlation

0.50over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5090d: 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	STATICS	BTW
Max drawdown (400d)	-62.2%	-60.7%
Risk-adjusted return (90d)	-0.26	0.43

Relative strength over 90 days: BTW outperformed STATICS by 82.3% — measured on the STATICS/BTW ratio, so it holds regardless of market direction.

Statics Protocol →Bitway →