Advanced Micro Devices (Dinari Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 1502.2× the size of Advanced Micro Devices (Dinari Tokenized Stock) (AMD) by market capitalisation. Their daily returns move barely together (correlation 0.05 across 28 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against AMD's 60%.

Correlation: 0.05
Size ratio: 1 : 1502.2

Advanced Micro Devices (Dinari Tokenized Stock)AMD

$480.0300

24h: -4.92%
Market cap: $130,157
Volume 24h: $3,273
Volatility (ann.): 60%

SpaceX (bStocks Tokenized Stock)SPCXB

$131.9200

24h: -1.07%
Market cap: $195.52M
Volume 24h: $44.00M
Volatility (ann.): 71%

AMD 0.1%Share of the two combined market caps99.9% SPCXB

Performance

AMDSPCXB

7 days-2.41%-6.33%AMD
30 days+33.43%-21.79%AMD
90 days—+17.70%—

Correlation

0.05over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0590d: 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	AMD	SPCXB
Max drawdown (400d)	-5.2%	-47.5%
Risk-adjusted return (90d)	0.56	0.28

Relative strength over 90 days: AMD outperformed SPCXB by 27.4% — measured on the AMD/SPCXB ratio, so it holds regardless of market direction.

Advanced Micro Devices (Dinari Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →