Neoxa vs Beldex

Beldex (BDX) is 465.0× the size of Neoxa (NEOX) by market capitalisation. Over the past 30 days, NEOX is ahead by 24.8 percentage points (NEOX +19.3% against BDX -5.5%). Their daily returns move barely in opposite directions (correlation -0.07 across 20 shared trading days). NEOX has been the more volatile of the two, at 196% annualised against BDX's 65%.

Correlation: -0.07
Size ratio: 1 : 465.0
Ahead over 30 days: NEOX

NeoxaNEOX

$0.000117

24h: -9.43%
Market cap: $1.25M
Volume 24h: $295
Volatility (ann.): 196%

BeldexBDX

$0.074098

24h: +1.86%
Market cap: $583.39M
Volume 24h: $10.33M
Volatility (ann.): 65%

NEOX 0.2%Share of the two combined market caps99.8% BDX

Performance

NEOXBDX

7 days+14.17%-2.71%NEOX
30 days+19.32%-5.49%NEOX

Correlation

-0.07over 20 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	NEOX	BDX
Max drawdown (400d)	-45.2%	-20.8%
Risk-adjusted return (90d)	0.10	-0.15

Relative strength over 90 days: NEOX outperformed BDX by 11.2% — measured on the NEOX/BDX ratio, so it holds regardless of market direction.

Neoxa →Beldex →