BEAM vs Railgun

Railgun (RAIL) is 97.4× the size of BEAM (BEAM) by market capitalisation. Over the past 30 days, RAIL is ahead by 29.6 percentage points (BEAM -25.8% against RAIL +3.8%). Their daily returns move barely in opposite directions (correlation -0.08 across 31 shared trading days). BEAM has been the more volatile of the two, at 205% annualised against RAIL's 167%.

Correlation: -0.08
Size ratio: 1 : 97.4
Ahead over 30 days: RAIL

BEAMBEAM

$0.006747

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

RailgunRAIL

$2.2100

24h: +0.96%
Market cap: $132.41M
Volume 24h: $127,339
Volatility (ann.): 167%

BEAM 1.0%Share of the two combined market caps99.0% RAIL

Performance

BEAMRAIL

7 days+4.05%-12.20%BEAM
30 days-25.78%+3.85%RAIL

Correlation

-0.08over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0890d: 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	RAIL
Max drawdown (400d)	-54.1%	-26.3%
Risk-adjusted return (90d)	0.12	0.32

Relative strength over 90 days: BEAM outperformed RAIL by 20.6% — measured on the BEAM/RAIL ratio, so it holds regardless of market direction.

BEAM →Railgun →