Forest Protocol vs Bedrock

Bedrock (BR) is 56.3× the size of Forest Protocol (FOREST) by market capitalisation. Over the past 30 days, BR is ahead by 114.2 percentage points (FOREST -20.1% against BR +94.1%). Their daily returns move barely in opposite directions (correlation -0.07 across 23 shared trading days). BR has been the more volatile of the two, at 529% annualised against FOREST's 111%.

Correlation: -0.07
Size ratio: 1 : 56.3
Ahead over 30 days: BR

Forest ProtocolFOREST

$0.031188

24h: -7.07%
Market cap: $2.53M
Volume 24h: $218,055
Volatility (ann.): 111%

BedrockBR

$0.479028

24h: +8.08%
Market cap: $142.11M
Volume 24h: $3.91M
Volatility (ann.): 529%

FOREST 1.7%Share of the two combined market caps98.3% BR

Performance

FORESTBR

7 days-10.16%-3.07%BR
30 days-20.06%+94.11%BR

Correlation

-0.07over 23 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	FOREST	BR
Max drawdown (400d)	-25.6%	-62.7%
Risk-adjusted return (90d)	-0.18	0.26

Relative strength over 90 days: BR outperformed FOREST by 81.1% — measured on the FOREST/BR ratio, so it holds regardless of market direction.

Forest Protocol →Bedrock →