AMC Entertainment (Backpack Securities) vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 748.5× the size of AMC Entertainment (Backpack Securities) (AMC) by market capitalisation. Over the past 30 days, AMC is ahead by 27.1 percentage points (AMC +38.0% against MSTRX +10.9%). Their daily returns move barely together (correlation 0.23 across 26 shared trading days). AMC has been the more volatile of the two, at 153% annualised against MSTRX's 101%.

Correlation: 0.23
Size ratio: 1 : 748.5
Ahead over 30 days: AMC

AMC Entertainment (Backpack Securities)AMC

$3.3900

24h: +4.44%
Market cap: $184,454
Volume 24h: $976,369
Volatility (ann.): 153%

MicroStrategy xStockMSTRX

$142.9600

24h: +3.32%
Market cap: $138.06M
Volume 24h: $3.59M
Volatility (ann.): 101%

AMC 0.1%Share of the two combined market caps99.9% MSTRX

Performance

AMCMSTRX

7 days+15.77%+0.26%AMC
30 days+38.00%+10.88%AMC

Correlation

0.23over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2390d: 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	AMC	MSTRX
Max drawdown (400d)	-32.8%	-18.3%
Risk-adjusted return (90d)	0.20	0.38

Relative strength over 90 days: AMC outperformed MSTRX by 29.9% — measured on the AMC/MSTRX ratio, so it holds regardless of market direction.

AMC Entertainment (Backpack Securities) →MicroStrategy xStock →