Beldex (BDX) is 11440.1× the size of Beamable Network Token (BMB) by market capitalisation. Their daily returns move closely together (correlation 0.84 across 34 shared trading days). BMB has been the more volatile of the two, at 402% annualised against BDX's 64%.
BMBBDX
0.84over 34 shared trading days
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.
| Metric | BMB | BDX |
|---|---|---|
| Max drawdown (400d) | -97.8% | -20.8% |
| Risk-adjusted return (90d) | -0.29 | -0.17 |
Relative strength over 90 days: BDX outperformed BMB by 90.7% — measured on the BMB/BDX ratio, so it holds regardless of market direction.