TokenPocket Token vs Beldex

Beldex (BDX) is 11.3× the size of TokenPocket Token (TPT) by market capitalisation. Over the past 30 days, TPT is ahead by 12.1 percentage points (TPT +6.6% against BDX -5.5%). Their daily returns move barely together (correlation 0.32 across 36 shared trading days). Both have run at a similar volatility, around 63% annualised.

Correlation: 0.32
Size ratio: 1 : 11.3
Ahead over 30 days: TPT

TokenPocket TokenTPT

$0.008571

24h: +1.25%
Market cap: $50.57M
Volume 24h: $6,817
Volatility (ann.): 60%

BeldexBDX

$0.072785

24h: +1.00%
Market cap: $573.26M
Volume 24h: $9.95M
Volatility (ann.): 65%

TPT 8.1%Share of the two combined market caps91.9% BDX

Performance

TPTBDX

7 days-1.99%-2.71%TPT
30 days+6.57%-5.49%TPT

Correlation

0.32over 36 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3390d: 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	TPT	BDX
Max drawdown (400d)	-21.8%	-20.8%
Risk-adjusted return (90d)	-0.03	-0.15

Relative strength over 90 days: TPT outperformed BDX by 9.2% — measured on the TPT/BDX ratio, so it holds regardless of market direction.

TokenPocket Token →Beldex →