Synap vs Beldex

Beldex (BDX) is 63316.0× the size of Synap (SYNAP) by market capitalisation. Over the past 30 days, BDX is ahead by 9.0 percentage points (SYNAP -14.0% against BDX -5.0%). Their daily returns move barely in opposite directions (correlation -0.04 across 20 shared trading days). BDX has been the more volatile of the two, at 64% annualised against SYNAP's 37%.

Correlation: -0.04
Size ratio: 1 : 63316.0
Ahead over 30 days: BDX

SynapSYNAP

$9.100e-6

24h: +4.00%
Market cap: $9,008
Volume 24h: $7
Volatility (ann.): 37%

BeldexBDX

$0.072443

24h: +0.70%
Market cap: $570.38M
Volume 24h: $8.35M
Volatility (ann.): 64%

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

Performance

SYNAPBDX

7 days-3.38%-2.65%BDX
30 days-13.98%-4.95%BDX

Correlation

-0.04over 20 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	SYNAP	BDX
Max drawdown (400d)	-16.2%	-20.8%
Risk-adjusted return (90d)	-0.38	-0.15

Relative strength over 90 days: SYNAP outperformed BDX by 12.0% — measured on the SYNAP/BDX ratio, so it holds regardless of market direction.

Synap →Beldex →