Elderglade vs Bedrock

Bedrock (BR) is 14118.0× the size of Elderglade (ELDE) by market capitalisation. Over the past 30 days, BR is ahead by 75.1 percentage points (ELDE -23.9% against BR +51.2%). Their daily returns move barely in opposite directions (correlation -0.06 across 21 shared trading days). BR has been the more volatile of the two, at 524% annualised against ELDE's 128%.

Correlation: -0.06
Size ratio: 1 : 14118.0
Ahead over 30 days: BR

EldergladeELDE

$3.431e-5

24h: +8.46%
Market cap: $9,734
Volume 24h: $8
Volatility (ann.): 128%

BedrockBR

$0.463212

24h: -2.51%
Market cap: $137.42M
Volume 24h: $2.37M
Volatility (ann.): 524%

ELDE 0.0%Share of the two combined market caps100.0% BR

Performance

ELDEBR

7 days-6.42%-0.81%BR
30 days-23.89%+51.18%BR

Correlation

-0.06over 21 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	ELDE	BR
Max drawdown (400d)	-38.6%	-62.7%
Risk-adjusted return (90d)	-0.20	0.26

Relative strength over 90 days: BR outperformed ELDE by 11.1% — measured on the ELDE/BR ratio, so it holds regardless of market direction.

Elderglade →Bedrock →