Onocoy Token vs Beldex

Beldex (BDX) is 253.0× the size of Onocoy Token (ONO) by market capitalisation. Over the past 30 days, ONO is ahead by 51.0 percentage points (ONO +45.5% against BDX -5.5%). Their daily returns move barely in opposite directions (correlation -0.12 across 28 shared trading days). ONO has been the more volatile of the two, at 136% annualised against BDX's 65%.

Correlation: -0.12
Size ratio: 1 : 253.0
Ahead over 30 days: ONO

Onocoy TokenONO

$0.020441

24h: +1.14%
Market cap: $2.24M
Volume 24h: $2,632
Volatility (ann.): 136%

BeldexBDX

$0.071856

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

ONO 0.4%Share of the two combined market caps99.6% BDX

Performance

ONOBDX

7 days+12.95%-2.71%ONO
30 days+45.48%-5.49%ONO

Correlation

-0.12over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1290d: 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	ONO	BDX
Max drawdown (400d)	-18.9%	-20.8%
Risk-adjusted return (90d)	0.20	-0.15

Relative strength over 90 days: ONO outperformed BDX by 40.3% — measured on the ONO/BDX ratio, so it holds regardless of market direction.

Onocoy Token →Beldex →