Applied Materials • Robinhood Token vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 1559.4× the size of Applied Materials • Robinhood Token (AMAT) by market capitalisation. Over the past 30 days, MSTRX is ahead by 32.4 percentage points (AMAT -21.5% against MSTRX +10.9%). Their daily returns move loosely together (correlation 0.46 across 29 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against AMAT's 85%.

Correlation: 0.46
Size ratio: 1 : 1559.4
Ahead over 30 days: MSTRX

Applied Materials • Robinhood TokenAMAT

$373.9500

24h: -3.35%
Market cap: $86,576
Volume 24h: $264
Volatility (ann.): 85%

MicroStrategy xStockMSTRX

$139.8000

24h: +2.94%
Market cap: $135.01M
Volume 24h: $3.42M
Volatility (ann.): 101%

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

Performance

AMATMSTRX

7 days-28.14%+0.26%MSTRX
30 days-21.54%+10.88%MSTRX

Correlation

0.46over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4690d: 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	AMAT	MSTRX
Max drawdown (400d)	-28.1%	-18.3%
Risk-adjusted return (90d)	-0.23	0.38

Relative strength over 90 days: MSTRX outperformed AMAT by 30.3% — measured on the AMAT/MSTRX ratio, so it holds regardless of market direction.

Applied Materials • Robinhood Token →MicroStrategy xStock →