Paraloom vs Beldex

Beldex (BDX) is 31943.3× the size of Paraloom (PARALOOM) by market capitalisation. Over the past 30 days, BDX is ahead by 62.1 percentage points (PARALOOM -67.7% against BDX -5.6%). Their daily returns move loosely in opposite directions (correlation -0.55 across 25 shared trading days). PARALOOM has been the more volatile of the two, at 138% annualised against BDX's 64%.

Correlation: -0.55
Size ratio: 1 : 31943.3
Ahead over 30 days: BDX

ParaloomPARALOOM

$1.748e-5

24h: -1.36%
Market cap: $17,480
Volume 24h: $4
Volatility (ann.): 138%

BeldexBDX

$0.070933

24h: -2.21%
Market cap: $558.37M
Volume 24h: $7.36M
Volatility (ann.): 64%

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

Performance

PARALOOMBDX

7 days-13.97%+0.71%BDX
30 days-67.65%-5.56%BDX

Correlation

-0.55over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.5590d: 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	PARALOOM	BDX
Max drawdown (400d)	-69.7%	-20.8%
Risk-adjusted return (90d)	-0.50	-0.17

Relative strength over 90 days: BDX outperformed PARALOOM by 58.2% — measured on the PARALOOM/BDX ratio, so it holds regardless of market direction.

Paraloom →Beldex →