American Airlines Group (Ondo Tokenized Stock) vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 8666.3× the size of American Airlines Group (Ondo Tokenized Stock) (AALON) by market capitalisation. Their daily returns move loosely together (correlation 0.42 across 35 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against AALON's 54%.

Correlation: 0.42
Size ratio: 1 : 8666.3

American Airlines Group (Ondo Tokenized Stock)AALON

$13.6800

24h: +6.51%
Market cap: $14,538
Volume 24h: $158,782
Volatility (ann.): 54%

MicroStrategy xStockMSTRX

$129.9700

24h: -9.88%
Market cap: $125.99M
Volume 24h: $5.12M
Volatility (ann.): 101%

AALON 0.0%Share of the two combined market caps100.0% MSTRX

Performance

AALONMSTRX

7 days+0.51%+0.26%AALON
30 days+0.00%+10.88%MSTRX
90 days-24.59%——

Correlation

0.42over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4890d: 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	AALON	MSTRX
Max drawdown (400d)	-35.2%	-18.3%
Risk-adjusted return (90d)	-0.58	0.38

Relative strength over 90 days: MSTRX outperformed AALON by 34.9% — measured on the AALON/MSTRX ratio, so it holds regardless of market direction.

American Airlines Group (Ondo Tokenized Stock) →MicroStrategy xStock →