THORSwap vs Bitway

Bitway (BTW) is 182.5× the size of THORSwap (THOR) by market capitalisation. Over the past 30 days, BTW is ahead by 56.8 percentage points (THOR +16.6% against BTW +73.4%). Their daily returns move barely together (correlation 0.07 across 31 shared trading days). BTW has been the more volatile of the two, at 365% annualised against THOR's 108%.

Correlation: 0.07
Size ratio: 1 : 182.5
Ahead over 30 days: BTW

THORSwapTHOR

$0.037566

24h: —
Market cap: $9.51M
Volume 24h: $9,618
Volatility (ann.): 108%

BitwayBTW

$1.1500

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

THOR 0.5%Share of the two combined market caps99.5% BTW

Performance

THORBTW

7 days-4.21%-44.93%THOR
30 days+16.55%+73.36%BTW

Correlation

0.07over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0790d: 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	THOR	BTW
Max drawdown (400d)	-11.2%	-60.7%
Risk-adjusted return (90d)	0.24	0.43

Relative strength over 90 days: BTW outperformed THOR by 42.5% — measured on the THOR/BTW ratio, so it holds regardless of market direction.

THORSwap →Bitway →