Multiple Network vs Beldex

Beldex (BDX) is 626802.7× the size of Multiple Network (MTP) by market capitalisation. Over the past 30 days, BDX is ahead by 57.3 percentage points (MTP -62.2% against BDX -5.0%). Their daily returns move barely together (correlation 0.01 across 24 shared trading days). MTP has been the more volatile of the two, at 386% annualised against BDX's 64%.

Correlation: 0.01
Size ratio: 1 : 626802.7
Ahead over 30 days: BDX

Multiple NetworkMTP

$2.033e-5

24h: —
Market cap: $915
Volume 24h: —
Volatility (ann.): 386%

BeldexBDX

$0.072856

24h: +1.13%
Market cap: $573.50M
Volume 24h: $9.91M
Volatility (ann.): 64%

MTP 0.0%Share of the two combined market caps100.0% BDX

Performance

MTPBDX

7 days+6.46%-2.65%MTP
30 days-62.25%-4.95%BDX

Correlation

0.01over 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	MTP	BDX
Max drawdown (400d)	-66.8%	-20.8%
Risk-adjusted return (90d)	-0.11	-0.15

Relative strength over 90 days: BDX outperformed MTP by 40.5% — measured on the MTP/BDX ratio, so it holds regardless of market direction.

Multiple Network →Beldex →