AMC Entertainment (Backpack Securities) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 1081.1× the size of AMC Entertainment (Backpack Securities) (AMC) by market capitalisation. Their daily returns move barely together (correlation 0.04 across 35 shared trading days). AMC has been the more volatile of the two, at 153% annualised against SPCXB's 71%.

Correlation: 0.04
Size ratio: 1 : 1081.1

AMC Entertainment (Backpack Securities)AMC

$3.3900

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

SpaceX (bStocks Tokenized Stock)SPCXB

$134.7600

24h: -0.01%
Market cap: $199.41M
Volume 24h: $52.76M
Volatility (ann.): 71%

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

Performance

AMCSPCXB

7 days+15.77%-6.33%AMC
30 days+38.00%-21.79%AMC
90 days—+17.70%—

Correlation

0.04over 35 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	AMC	SPCXB
Max drawdown (400d)	-32.8%	-47.5%
Risk-adjusted return (90d)	0.20	0.28

Relative strength over 90 days: AMC outperformed SPCXB by 44.9% — measured on the AMC/SPCXB ratio, so it holds regardless of market direction.

AMC Entertainment (Backpack Securities) →SpaceX (bStocks Tokenized Stock) →