NONOS vs Beldex

Beldex (BDX) is 384.7× the size of NONOS (NOX) by market capitalisation. Over the past 30 days, BDX is ahead by 24.6 percentage points (NOX -30.1% against BDX -5.5%). Their daily returns move barely together (correlation 0.35 across 30 shared trading days). NOX has been the more volatile of the two, at 298% annualised against BDX's 65%.

Correlation: 0.35
Size ratio: 1 : 384.7
Ahead over 30 days: BDX

NONOSNOX

$0.001873

24h: -5.12%
Market cap: $1.49M
Volume 24h: $1,763
Volatility (ann.): 298%

BeldexBDX

$0.072785

24h: +1.00%
Market cap: $573.26M
Volume 24h: $9.95M
Volatility (ann.): 65%

NOX 0.3%Share of the two combined market caps99.7% BDX

Performance

NOXBDX

7 days+13.31%-2.71%NOX
30 days-30.11%-5.49%BDX

Correlation

0.35over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3590d: 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	NOX	BDX
Max drawdown (400d)	-68.4%	-20.8%
Risk-adjusted return (90d)	0.12	-0.15

Relative strength over 90 days: NOX outperformed BDX by 48.5% — measured on the NOX/BDX ratio, so it holds regardless of market direction.

NONOS →Beldex →