COCA vs Beldex
COCA (COCA) and Beldex (BDX) compared side by side. Their daily returns move barely together (correlation 0.17 across 35 shared trading days). Both have run at a similar volatility, around 62% annualised.
- Correlation
- 0.17
COCA 0.0%Share of the two combined market caps100.0% BDX
Performance
COCABDX
- 7 daysCOCA
- 30 daysCOCA
- 90 days—
- 1 year—
Correlation
0.17over 35 shared trading days
−1 opposite0 unrelated+1 in step
7d: insufficient data30d: 0.2390d: 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 | COCA | BDX |
|---|---|---|
| Max drawdown (400d) | -40.3% | -20.8% |
| Risk-adjusted return (90d) | -0.13 | -0.15 |
Relative strength over 90 days: BDX outperformed COCA by 6.9% — measured on the COCA/BDX ratio, so it holds regardless of market direction.