TurboLoop Token vs Bitway

Bitway (BTW) is 5186.5× the size of TurboLoop Token (TURBO) by market capitalisation. Over the past 30 days, BTW is ahead by 117.2 percentage points (TURBO -43.8% against BTW +73.4%). Their daily returns move loosely in opposite directions (correlation -0.44 across 26 shared trading days). BTW has been the more volatile of the two, at 365% annualised against TURBO's 157%.

Correlation: -0.44
Size ratio: 1 : 5186.5
Ahead over 30 days: BTW

TurboLoop TokenTURBO

$0.314259

24h: -6.70%
Market cap: $320,586
Volume 24h: $7,003
Volatility (ann.): 157%

BitwayBTW

$1.1000

24h: +13.05%
Market cap: $1.66B
Volume 24h: $5.85M
Volatility (ann.): 365%

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

Performance

TURBOBTW

7 days-40.17%-44.93%TURBO
30 days-43.82%+73.36%BTW

Correlation

-0.44over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.4490d: 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	TURBO	BTW
Max drawdown (400d)	-49.7%	-60.7%
Risk-adjusted return (90d)	-0.28	0.43

Relative strength over 90 days: BTW outperformed TURBO by 75.3% — measured on the TURBO/BTW ratio, so it holds regardless of market direction.

TurboLoop Token →Bitway →