Telcoin vs Beldex

Beldex (BDX) is 3.4× the size of Telcoin (TEL) by market capitalisation. Over the past 30 days, BDX is ahead by 18.1 percentage points (TEL -23.6% against BDX -5.5%). Their daily returns move barely together (correlation 0.19 across 52 shared trading days). TEL has been the more volatile of the two, at 104% annualised against BDX's 65%.

Correlation: 0.19
Size ratio: 1 : 3.4
Ahead over 30 days: BDX

TelcoinTEL

$0.001715

24h: -2.64%
Market cap: $169.29M
Volume 24h: $2.05M
Volatility (ann.): 104%

BeldexBDX

$0.072655

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

TEL 22.8%Share of the two combined market caps77.2% BDX

Performance

TELBDX

7 days-13.68%-2.71%BDX
30 days-23.59%-5.49%BDX

Correlation

0.19over 52 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2590d: 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	TEL	BDX
Max drawdown (400d)	-31.6%	-20.8%
Risk-adjusted return (90d)	-0.04	-0.15

Relative strength over 90 days: TEL outperformed BDX by 8.3% — measured on the TEL/BDX ratio, so it holds regardless of market direction.

Telcoin →Beldex →