Amazon (Dinari Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 1519.6× the size of Amazon (Dinari Tokenized Stock) (AMZN) by market capitalisation. Their daily returns move loosely together (correlation 0.46 across 31 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against AMZN's 21%.

Correlation: 0.46
Size ratio: 1 : 1519.6

Amazon (Dinari Tokenized Stock)AMZN

$264.2600

24h: +7.31%
Market cap: $120,891
Volume 24h: $26,703
Volatility (ann.): 21%

SpaceX (bStocks Tokenized Stock)SPCXB

$124.3500

24h: -11.19%
Market cap: $183.71M
Volume 24h: $35.96M
Volatility (ann.): 71%

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

Performance

AMZNSPCXB

7 days+0.56%-6.33%AMZN
30 days-2.87%-21.79%AMZN
90 days—+17.70%—

Correlation

0.46over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4690d: 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	AMZN	SPCXB
Max drawdown (400d)	-4.9%	-47.5%
Risk-adjusted return (90d)	-0.14	0.28

Relative strength over 90 days: SPCXB outperformed AMZN by 8.3% — measured on the AMZN/SPCXB ratio, so it holds regardless of market direction.

Amazon (Dinari Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →