Octra vs Beldex

Beldex (BDX) is 56.1× the size of Octra (OCT) by market capitalisation. Over the past 30 days, BDX is ahead by 25.2 percentage points (OCT -30.6% against BDX -5.5%). Their daily returns move barely in opposite directions (correlation -0.09 across 32 shared trading days). OCT has been the more volatile of the two, at 193% annualised against BDX's 65%.

Correlation: -0.09
Size ratio: 1 : 56.1
Ahead over 30 days: BDX

OctraOCT

$0.016124

24h: -13.54%
Market cap: $10.08M
Volume 24h: $134,131
Volatility (ann.): 193%

BeldexBDX

$0.071856

24h: -2.07%
Market cap: $565.61M
Volume 24h: $9.49M
Volatility (ann.): 65%

OCT 1.8%Share of the two combined market caps98.2% BDX

Performance

OCTBDX

7 days-22.39%-2.71%BDX
30 days-30.64%-5.49%BDX

Correlation

-0.09over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1090d: 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	OCT	BDX
Max drawdown (400d)	-48.4%	-20.8%
Risk-adjusted return (90d)	-0.02	-0.15

Relative strength over 90 days: OCT outperformed BDX by 5.3% — measured on the OCT/BDX ratio, so it holds regardless of market direction.

Octra →Beldex →