CONX vs Beldex

Beldex (BDX) is 122.8× the size of CONX (CONX) by market capitalisation. Over the past 30 days, CONX is ahead by 12.3 percentage points (CONX +6.9% against BDX -5.5%). Their daily returns move loosely together (correlation 0.55 across 22 shared trading days). CONX has been the more volatile of the two, at 183% annualised against BDX's 65%.

Correlation: 0.55
Size ratio: 1 : 122.8
Ahead over 30 days: CONX

CONXCONX

$0.004514

24h: +1.75%
Market cap: $4.66M
Volume 24h: $77,795
Volatility (ann.): 183%

BeldexBDX

$0.072754

24h: +0.35%
Market cap: $572.70M
Volume 24h: $10.26M
Volatility (ann.): 65%

CONX 0.8%Share of the two combined market caps99.2% BDX

Performance

CONXBDX

7 days+5.03%-2.71%CONX
30 days+6.86%-5.49%CONX

Correlation

0.55over 22 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	CONX	BDX
Max drawdown (400d)	-24.5%	-20.8%
Risk-adjusted return (90d)	0.04	-0.15

Relative strength over 90 days: CONX outperformed BDX by 12.2% — measured on the CONX/BDX ratio, so it holds regardless of market direction.

CONX →Beldex →