Amazon • Robinhood Token vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 52.3× the size of Amazon • Robinhood Token (AMZN) by market capitalisation. Over the past 30 days, STRCX is ahead by 6.1 percentage points (AMZN -3.0% against STRCX +3.0%). Their daily returns move barely in opposite directions (correlation -0.07 across 30 shared trading days). STRCX has been the more volatile of the two, at 51% annualised against AMZN's 41%.

Correlation: -0.07
Size ratio: 1 : 52.3
Ahead over 30 days: STRCX

Amazon • Robinhood TokenAMZN

$246.7000

24h: +0.02%
Market cap: $2.82M
Volume 24h: $1.09M
Volatility (ann.): 41%

Strategy PP Variable xStockSTRCX

$109.5700

24h: +3.17%
Market cap: $147.56M
Volume 24h: $572,470
Volatility (ann.): 51%

AMZN 1.9%Share of the two combined market caps98.1% STRCX

Performance

AMZNSTRCX

7 days+0.25%+5.41%STRCX
30 days-3.04%+3.05%STRCX

Correlation

-0.07over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0790d: 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	STRCX
Max drawdown (400d)	-15.4%	-7.5%
Risk-adjusted return (90d)	-0.15	0.16

Relative strength over 90 days: STRCX outperformed AMZN by 8.9% — measured on the AMZN/STRCX ratio, so it holds regardless of market direction.

Amazon • Robinhood Token →Strategy PP Variable xStock →