AMC Entertainment (Backpack Securities) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 769.8× the size of AMC Entertainment (Backpack Securities) (AMC) by market capitalisation. Over the past 30 days, AMC is ahead by 34.4 percentage points (AMC +38.0% against STRCX +3.6%). Their daily returns move barely in opposite directions (correlation -0.22 across 24 shared trading days). AMC has been the more volatile of the two, at 153% annualised against STRCX's 51%.

Correlation: -0.22
Size ratio: 1 : 769.8
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%

Strategy PP Variable xStockSTRCX

$109.5600

24h: +0.19%
Market cap: $142.00M
Volume 24h: $404,179
Volatility (ann.): 51%

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

Performance

AMCSTRCX

7 days+15.77%+0.05%AMC
30 days+38.00%+3.64%AMC

Correlation

-0.22over 24 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	STRCX
Max drawdown (400d)	-32.8%	-7.5%
Risk-adjusted return (90d)	0.20	0.16

Relative strength over 90 days: AMC outperformed STRCX by 25.8% — measured on the AMC/STRCX ratio, so it holds regardless of market direction.

AMC Entertainment (Backpack Securities) →Strategy PP Variable xStock →