ADAMANT Messenger vs Beldex

Beldex (BDX) is 431.6× the size of ADAMANT Messenger (ADM) by market capitalisation. Over the past 30 days, BDX is ahead by 1.4 percentage points (ADM -6.9% against BDX -5.5%). Their daily returns move barely together (correlation 0.23 across 20 shared trading days). ADM has been the more volatile of the two, at 438% annualised against BDX's 65%.

Correlation: 0.23
Size ratio: 1 : 431.6
Ahead over 30 days: BDX

ADAMANT MessengerADM

$0.011507

24h: +0.01%
Market cap: $1.32M
Volume 24h: $30,187
Volatility (ann.): 438%

BeldexBDX

$0.072369

24h: -0.79%
Market cap: $569.66M
Volume 24h: $9.52M
Volatility (ann.): 65%

ADM 0.2%Share of the two combined market caps99.8% BDX

Performance

ADMBDX

7 days-1.90%-2.71%ADM
30 days-6.88%-5.49%BDX

Correlation

0.23over 20 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	ADM	BDX
Max drawdown (400d)	-69.8%	-20.8%
Risk-adjusted return (90d)	-0.02	-0.15

Relative strength over 90 days: BDX outperformed ADM by 1.7% — measured on the ADM/BDX ratio, so it holds regardless of market direction.

ADAMANT Messenger →Beldex →