ScPrime vs Beldex

Beldex (BDX) is 819.5× the size of ScPrime (SCP) by market capitalisation. Over the past 30 days, BDX is ahead by 16.2 percentage points (SCP -21.7% against BDX -5.5%). Their daily returns move loosely in opposite directions (correlation -0.45 across 26 shared trading days). SCP has been the more volatile of the two, at 115% annualised against BDX's 65%.

Correlation: -0.45
Size ratio: 1 : 819.5
Ahead over 30 days: BDX

ScPrimeSCP

$0.014809

24h: -1.41%
Market cap: $697,908
Volume 24h: $263
Volatility (ann.): 115%

BeldexBDX

$0.072656

24h: +0.62%
Market cap: $571.95M
Volume 24h: $9.11M
Volatility (ann.): 65%

SCP 0.1%Share of the two combined market caps99.9% BDX

Performance

SCPBDX

7 days+2.60%-2.71%SCP
30 days-21.66%-5.49%BDX

Correlation

-0.45over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.4590d: 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	SCP	BDX
Max drawdown (400d)	-30.1%	-20.8%
Risk-adjusted return (90d)	-0.07	-0.15

Relative strength over 90 days: SCP outperformed BDX by 1.9% — measured on the SCP/BDX ratio, so it holds regardless of market direction.

ScPrime →Beldex →