Cosanta vs Beldex

Beldex (BDX) is 270.3× the size of Cosanta (COSA) by market capitalisation. Over the past 30 days, BDX is ahead by 66.7 percentage points (COSA -72.2% against BDX -5.5%). Their daily returns move barely together (correlation 0.05 across 32 shared trading days). COSA has been the more volatile of the two, at 188% annualised against BDX's 65%.

Correlation: 0.05
Size ratio: 1 : 270.3
Ahead over 30 days: BDX

CosantaCOSA

$0.556815

24h: +6.51%
Market cap: $2.10M
Volume 24h: $16,308
Volatility (ann.): 188%

BeldexBDX

$0.072201

24h: -0.42%
Market cap: $568.33M
Volume 24h: $9.40M
Volatility (ann.): 65%

COSA 0.4%Share of the two combined market caps99.6% BDX

Performance

COSABDX

7 days-35.74%-2.71%BDX
30 days-72.23%-5.49%BDX

Correlation

0.05over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0590d: 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	COSA	BDX
Max drawdown (400d)	-76.1%	-20.8%
Risk-adjusted return (90d)	-0.39	-0.15

Relative strength over 90 days: BDX outperformed COSA by 71.2% — measured on the COSA/BDX ratio, so it holds regardless of market direction.

Cosanta →Beldex →