Morpheus Network vs Beldex

Beldex (BDX) is 997.5× the size of Morpheus Network (MNW) by market capitalisation. Over the past 30 days, BDX is ahead by 15.8 percentage points (MNW -20.8% against BDX -5.0%). Their daily returns move barely together (correlation 0.07 across 24 shared trading days). MNW has been the more volatile of the two, at 175% annualised against BDX's 64%.

Correlation: 0.07
Size ratio: 1 : 997.5
Ahead over 30 days: BDX

Morpheus NetworkMNW

$0.011919

24h: +13.21%
Market cap: $570,904
Volume 24h: $329
Volatility (ann.): 175%

BeldexBDX

$0.072342

24h: -2.98%
Market cap: $569.46M
Volume 24h: $8.01M
Volatility (ann.): 64%

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

Performance

MNWBDX

7 days+4.26%-2.65%MNW
30 days-20.78%-4.95%BDX

Correlation

0.07over 24 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	MNW	BDX
Max drawdown (400d)	-50.2%	-20.8%
Risk-adjusted return (90d)	-0.22	-0.15

Relative strength over 90 days: BDX outperformed MNW by 2.8% — measured on the MNW/BDX ratio, so it holds regardless of market direction.

Morpheus Network →Beldex →