Triadmarkets vs Bitway

Bitway (BTW) is 44675.7× the size of Triadmarkets (TRIAD) by market capitalisation. Over the past 30 days, BTW is ahead by 76.2 percentage points (TRIAD -30.7% against BTW +45.5%). Their daily returns move barely in opposite directions (correlation -0.06 across 22 shared trading days). BTW has been the more volatile of the two, at 362% annualised against TRIAD's 83%.

Correlation: -0.06
Size ratio: 1 : 44675.7
Ahead over 30 days: BTW

TriadmarketsTRIAD

$8.387e-5

24h: —
Market cap: $37,220
Volume 24h: —
Volatility (ann.): 83%

BitwayBTW

$1.1000

24h: +4.97%
Market cap: $1.66B
Volume 24h: $4.75M
Volatility (ann.): 362%

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

Performance

TRIADBTW

7 days-5.23%-40.12%TRIAD
30 days-30.72%+45.45%BTW

Correlation

-0.06over 22 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	TRIAD	BTW
Max drawdown (400d)	-35.3%	-60.7%
Risk-adjusted return (90d)	-0.37	0.48

Relative strength over 90 days: TRIAD outperformed BTW by 26.4% — measured on the TRIAD/BTW ratio, so it holds regardless of market direction.

Triadmarkets →Bitway →