BEAM vs Beldex

Beldex (BDX) is 424.0× the size of BEAM (BEAM) by market capitalisation. Over the past 30 days, BDX is ahead by 20.3 percentage points (BEAM -25.8% against BDX -5.5%). Their daily returns move barely together (correlation 0.04 across 30 shared trading days). BEAM has been the more volatile of the two, at 205% annualised against BDX's 65%.

Correlation: 0.04
Size ratio: 1 : 424.0
Ahead over 30 days: BDX

BEAMBEAM

$0.006747

24h: +0.79%
Market cap: $1.36M
Volume 24h: $57,024
Volatility (ann.): 205%

BeldexBDX

$0.073257

24h: +0.69%
Market cap: $576.65M
Volume 24h: $9.47M
Volatility (ann.): 65%

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

Performance

BEAMBDX

7 days+4.05%-2.71%BEAM
30 days-25.78%-5.49%BDX

Correlation

0.04over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0490d: 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	BEAM	BDX
Max drawdown (400d)	-54.1%	-20.8%
Risk-adjusted return (90d)	0.12	-0.15

Relative strength over 90 days: BEAM outperformed BDX by 37.8% — measured on the BEAM/BDX ratio, so it holds regardless of market direction.

BEAM →Beldex →