Session Token vs Beldex

Beldex (BDX) is 252.0× the size of Session Token (SESH) by market capitalisation. Over the past 30 days, BDX is ahead by 13.3 percentage points (SESH -18.8% against BDX -5.5%). Their daily returns move barely together (correlation 0.13 across 30 shared trading days). SESH has been the more volatile of the two, at 114% annualised against BDX's 65%.

Correlation: 0.13
Size ratio: 1 : 252.0
Ahead over 30 days: BDX

Session TokenSESH

$0.015896

24h: -0.96%
Market cap: $2.27M
Volume 24h: $236
Volatility (ann.): 114%

BeldexBDX

$0.072655

24h: +0.33%
Market cap: $571.85M
Volume 24h: $9.95M
Volatility (ann.): 65%

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

Performance

SESHBDX

7 days-25.06%-2.71%BDX
30 days-18.83%-5.49%BDX

Correlation

0.13over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1390d: 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	SESH	BDX
Max drawdown (400d)	-25.1%	-20.8%
Risk-adjusted return (90d)	-0.16	-0.15

Relative strength over 90 days: BDX outperformed SESH by 10.2% — measured on the SESH/BDX ratio, so it holds regardless of market direction.

Session Token →Beldex →