Avive vs Beldex

Beldex (BDX) is 6251.4× the size of Avive (AVIVE) by market capitalisation. Over the past 30 days, AVIVE is ahead by 3.0 percentage points (AVIVE -2.0% against BDX -5.0%). Their daily returns move barely together (correlation 0.02 across 23 shared trading days). BDX has been the more volatile of the two, at 64% annualised against AVIVE's 3%.

Correlation: 0.02
Size ratio: 1 : 6251.4
Ahead over 30 days: AVIVE

AviveAVIVE

$3.184e-5

24h: +0.14%
Market cap: $91,327
Volume 24h: $22
Volatility (ann.): 3%

BeldexBDX

$0.072529

24h: -1.26%
Market cap: $570.92M
Volume 24h: $7.84M
Volatility (ann.): 64%

AVIVE 0.0%Share of the two combined market caps100.0% BDX

Performance

AVIVEBDX

7 days-0.78%-2.65%AVIVE
30 days-2.00%-4.95%AVIVE

Correlation

0.02over 23 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	AVIVE	BDX
Max drawdown (400d)	-2.0%	-20.8%
Risk-adjusted return (90d)	-0.57	-0.15

Relative strength over 90 days: AVIVE outperformed BDX by 20.8% — measured on the AVIVE/BDX ratio, so it holds regardless of market direction.

Avive →Beldex →