TaleX vs Bitway

Bitway (BTW) is 3150.0× the size of TaleX (X) by market capitalisation. Over the past 30 days, BTW is ahead by 143.3 percentage points (X -69.9% against BTW +73.4%). Their daily returns move loosely in opposite directions (correlation -0.53 across 30 shared trading days). BTW has been the more volatile of the two, at 365% annualised against X's 281%.

Correlation: -0.53
Size ratio: 1 : 3150.0
Ahead over 30 days: BTW

TaleXX

$0.003674

24h: +9.03%
Market cap: $551,024
Volume 24h: $150,069
Volatility (ann.): 281%

BitwayBTW

$1.1500

24h: +12.15%
Market cap: $1.74B
Volume 24h: $6.98M
Volatility (ann.): 365%

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

Performance

XBTW

7 days-2.10%-44.93%X
30 days-69.94%+73.36%BTW

Correlation

-0.53over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.5390d: 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	X	BTW
Max drawdown (400d)	-80.4%	-60.7%
Risk-adjusted return (90d)	-0.10	0.43

Relative strength over 90 days: BTW outperformed X by 69.6% — measured on the X/BTW ratio, so it holds regardless of market direction.

TaleX →Bitway →