Tradoor vs Bitway

Bitway (BTW) is 185.8× the size of Tradoor (TRADOOR) by market capitalisation. Over the past 30 days, BTW is ahead by 54.1 percentage points (TRADOOR -8.6% against BTW +45.5%). Their daily returns move loosely together (correlation 0.36 across 33 shared trading days). BTW has been the more volatile of the two, at 362% annualised against TRADOOR's 81%.

Correlation: 0.36
Size ratio: 1 : 185.8
Ahead over 30 days: BTW

TradoorTRADOOR

$0.591464

24h: +2.55%
Market cap: $8.49M
Volume 24h: $1.40M
Volatility (ann.): 81%

BitwayBTW

$1.0470

24h: +6.95%
Market cap: $1.58B
Volume 24h: $6.24M
Volatility (ann.): 362%

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

Performance

TRADOORBTW

7 days-9.28%-40.12%TRADOOR
30 days-8.63%+45.45%BTW

Correlation

0.36over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3590d: 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	TRADOOR	BTW
Max drawdown (400d)	-23.6%	-60.7%
Risk-adjusted return (90d)	-0.04	0.48

Relative strength over 90 days: BTW outperformed TRADOOR by 58.5% — measured on the TRADOOR/BTW ratio, so it holds regardless of market direction.

Tradoor →Bitway →