Sable Network vs Beldex

Beldex (BDX) is 13799.0× the size of Sable Network (SABLE) by market capitalisation. Over the past 30 days, BDX is ahead by 76.5 percentage points (SABLE -81.4% against BDX -5.0%). Their daily returns move barely in opposite directions (correlation -0.26 across 24 shared trading days). SABLE has been the more volatile of the two, at 280% annualised against BDX's 64%.

Correlation: -0.26
Size ratio: 1 : 13799.0
Ahead over 30 days: BDX

Sable NetworkSABLE

$4.448e-5

24h: -30.45%
Market cap: $41,577
Volume 24h: $4,177
Volatility (ann.): 280%

BeldexBDX

$0.072865

24h: +0.21%
Market cap: $573.72M
Volume 24h: $8.84M
Volatility (ann.): 64%

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

Performance

SABLEBDX

7 days-41.76%-2.65%BDX
30 days-81.45%-4.95%BDX

Correlation

-0.26over 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	SABLE	BDX
Max drawdown (400d)	-86.5%	-20.8%
Risk-adjusted return (90d)	-0.30	-0.15

Relative strength over 90 days: BDX outperformed SABLE by 74.4% — measured on the SABLE/BDX ratio, so it holds regardless of market direction.

Sable Network →Beldex →