nuco.cloud vs Beldex

Beldex (BDX) is 2730.2× the size of nuco.cloud (NCDT) by market capitalisation. Over the past 30 days, BDX is ahead by 35.0 percentage points (NCDT -40.0% against BDX -5.0%). Their daily returns move barely in opposite directions (correlation -0.08 across 24 shared trading days). Both have run at a similar volatility, around 64% annualised.

Correlation: -0.08
Size ratio: 1 : 2730.2
Ahead over 30 days: BDX

nuco.cloudNCDT

$0.004336

24h: +5.07%
Market cap: $210,128
Volume 24h: $731
Volatility (ann.): 65%

BeldexBDX

$0.072881

24h: -0.83%
Market cap: $573.69M
Volume 24h: $9.11M
Volatility (ann.): 64%

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

Performance

NCDTBDX

7 days-4.59%-2.65%BDX
30 days-39.97%-4.95%BDX

Correlation

-0.08over 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	NCDT	BDX
Max drawdown (400d)	-40.0%	-20.8%
Risk-adjusted return (90d)	-0.59	-0.15

Relative strength over 90 days: BDX outperformed NCDT by 3.9% — measured on the NCDT/BDX ratio, so it holds regardless of market direction.

nuco.cloud →Beldex →