Canton (CC) is 6.9× the size of Beldex (BDX) by market capitalisation. Over the past 30 days, CC is ahead by 3.4 percentage points (CC -2.2% against BDX -5.6%). Their daily returns move barely together (correlation 0.03 across 60 shared trading days). CC has been the more volatile of the two, at 124% annualised against BDX's 64%.
CCBDX
0.03over 60 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 | CC | BDX |
|---|---|---|
| Max drawdown (400d) | -30.6% | -20.8% |
| Risk-adjusted return (90d) | 0.01 | -0.17 |
Relative strength over 90 days: CC outperformed BDX by 12.9% — measured on the CC/BDX ratio, so it holds regardless of market direction.