Advanced Micro Devices (bStocks Tokenized Stock) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 41.1× the size of Advanced Micro Devices (bStocks Tokenized Stock) (AMDB) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.18 across 57 shared trading days). AMDB has been the more volatile of the two, at 71% annualised against STRCX's 51%.

Correlation: -0.18
Size ratio: 1 : 41.1

Advanced Micro Devices (bStocks Tokenized Stock)AMDB

$486.1000

24h: -0.32%
Market cap: $3.54M
Volume 24h: $612,268
Volatility (ann.): 71%

Strategy PP Variable xStockSTRCX

$109.7800

24h: +3.09%
Market cap: $145.50M
Volume 24h: $575,035
Volatility (ann.): 51%

AMDB 2.4%Share of the two combined market caps97.6% STRCX

Performance

AMDBSTRCX

7 days-8.56%+5.41%STRCX
30 days-18.92%+3.05%STRCX
90 days+7.11%——

Correlation

-0.18over 57 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2790d: 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	AMDB	STRCX
Max drawdown (400d)	-27.4%	-7.5%
Risk-adjusted return (90d)	0.12	0.16

Relative strength over 90 days: STRCX outperformed AMDB by 6.0% — measured on the AMDB/STRCX ratio, so it holds regardless of market direction.

Advanced Micro Devices (bStocks Tokenized Stock) →Strategy PP Variable xStock →