Vies Token vs Bitway

Bitway (BTW) is 95283.4× the size of Vies Token (VIES) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.18 across 43 shared trading days). BTW has been the more volatile of the two, at 359% annualised against VIES's 198%.

Correlation: -0.18
Size ratio: 1 : 95283.4

Vies TokenVIES

$2.197e-5

24h: -10.17%
Market cap: $17,713
Volume 24h: $296
Volatility (ann.): 198%

BitwayBTW

$1.1200

24h: +8.51%
Market cap: $1.69B
Volume 24h: $5.55M
Volatility (ann.): 359%

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

Performance

VIESBTW

7 days-22.50%-31.25%VIES
30 days-42.27%+68.43%BTW
90 days-53.87%——

Correlation

-0.18over 43 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2290d: 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	VIES	BTW
Max drawdown (400d)	-95.2%	-60.7%
Risk-adjusted return (90d)	-0.24	0.54

Relative strength over 90 days: BTW outperformed VIES by 79.4% — measured on the VIES/BTW ratio, so it holds regardless of market direction.

Vies Token →Bitway →