WeSendit vs BitTorrent

BitTorrent (BTT) is 714.5× the size of WeSendit (WSI) by market capitalisation. Over the past 30 days, WSI is ahead by 15.6 percentage points (WSI +26.0% against BTT +10.4%). Their daily returns move barely together (correlation 0.15 across 24 shared trading days). WSI has been the more volatile of the two, at 72% annualised against BTT's 50%.

Correlation: 0.15
Size ratio: 1 : 714.5
Ahead over 30 days: WSI

WeSenditWSI

$0.000568

24h: +1.97%
Market cap: $491,395
Volume 24h: $369
Volatility (ann.): 72%

BitTorrentBTT

$3.637e-7

24h: -0.75%
Market cap: $351.10M
Volume 24h: $26.20M
Volatility (ann.): 50%

WSI 0.1%Share of the two combined market caps99.9% BTT

Performance

WSIBTT

7 days-4.17%-0.23%BTT
30 days+25.97%+10.39%WSI

Correlation

0.15over 24 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	WSI	BTT
Max drawdown (400d)	-6.0%	-8.3%
Risk-adjusted return (90d)	0.74	0.80

Relative strength over 90 days: WSI outperformed BTT by 33.5% — measured on the WSI/BTT ratio, so it holds regardless of market direction.

WeSendit →BitTorrent →