Cronos ID vs Beldex

Beldex (BDX) is 1015.4× the size of Cronos ID (CROID) by market capitalisation. Over the past 30 days, BDX is ahead by 6.6 percentage points (CROID -12.1% against BDX -5.5%). Their daily returns move barely together (correlation 0.21 across 25 shared trading days). CROID has been the more volatile of the two, at 151% annualised against BDX's 65%.

Correlation: 0.21
Size ratio: 1 : 1015.4
Ahead over 30 days: BDX

Cronos IDCROID

$0.003256

24h: -0.67%
Market cap: $560,564
Volume 24h: $1,558
Volatility (ann.): 151%

BeldexBDX

$0.072320

24h: -0.28%
Market cap: $569.21M
Volume 24h: $9.42M
Volatility (ann.): 65%

CROID 0.1%Share of the two combined market caps99.9% BDX

Performance

CROIDBDX

7 days-20.03%-2.71%BDX
30 days-12.06%-5.49%BDX

Correlation

0.21over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2190d: 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	CROID	BDX
Max drawdown (400d)	-44.5%	-20.8%
Risk-adjusted return (90d)	-0.08	-0.15

Relative strength over 90 days: BDX outperformed CROID by 3.4% — measured on the CROID/BDX ratio, so it holds regardless of market direction.

Cronos ID →Beldex →