DeGate vs Beldex

Beldex (BDX) is 28.5× the size of DeGate (DG) by market capitalisation. Over the past 30 days, DG is ahead by 5.5 percentage points (DG -0.0% against BDX -5.5%). Their daily returns move barely together (correlation 0.22 across 30 shared trading days). BDX has been the more volatile of the two, at 65% annualised against DG's 14%.

Correlation: 0.22
Size ratio: 1 : 28.5
Ahead over 30 days: DG

DeGateDG

$0.051798

24h: -1.51%
Market cap: $20.06M
Volume 24h: $27,156
Volatility (ann.): 14%

BeldexBDX

$0.072655

24h: +0.33%
Market cap: $571.85M
Volume 24h: $9.95M
Volatility (ann.): 65%

DG 3.4%Share of the two combined market caps96.6% BDX

Performance

DGBDX

7 days+2.57%-2.71%DG
30 days-0.01%-5.49%DG

Correlation

0.22over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2290d: 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	DG	BDX
Max drawdown (400d)	-3.8%	-20.8%
Risk-adjusted return (90d)	0.13	-0.15

Relative strength over 90 days: DG outperformed BDX by 11.7% — measured on the DG/BDX ratio, so it holds regardless of market direction.

DeGate →Beldex →