Veilnet vs Beldex

Beldex (BDX) is 19810.3× the size of Veilnet (VEILNET) by market capitalisation. Over the past 30 days, BDX is ahead by 19.7 percentage points (VEILNET -24.6% against BDX -5.0%). Their daily returns move barely together (correlation 0.04 across 21 shared trading days). VEILNET has been the more volatile of the two, at 346% annualised against BDX's 64%.

Correlation: 0.04
Size ratio: 1 : 19810.3
Ahead over 30 days: BDX

VeilnetVEILNET

$2.836e-7

24h: +3.01%
Market cap: $28,365
Volume 24h: $11
Volatility (ann.): 346%

BeldexBDX

$0.071385

24h: -1.05%
Market cap: $561.92M
Volume 24h: $8.34M
Volatility (ann.): 64%

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

Performance

VEILNETBDX

7 days-3.63%-2.65%BDX
30 days-24.60%-4.95%BDX

Correlation

0.04over 21 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	VEILNET	BDX
Max drawdown (400d)	-43.0%	-20.8%
Risk-adjusted return (90d)	-0.07	-0.15

Relative strength over 90 days: VEILNET outperformed BDX by 7.3% — measured on the VEILNET/BDX ratio, so it holds regardless of market direction.

Veilnet →Beldex →