Applied Materials • Robinhood Token vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 2259.9× the size of Applied Materials • Robinhood Token (AMAT) by market capitalisation. Their daily returns move loosely together (correlation 0.36 across 38 shared trading days). AMAT has been the more volatile of the two, at 85% annualised against SPCXB's 71%.

Correlation: 0.36
Size ratio: 1 : 2259.9

Applied Materials • Robinhood TokenAMAT

$373.9500

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

SpaceX (bStocks Tokenized Stock)SPCXB

$132.4700

24h: +1.08%
Market cap: $195.65M
Volume 24h: $48.58M
Volatility (ann.): 71%

AMAT 0.0%Share of the two combined market caps100.0% SPCXB

Performance

AMATSPCXB

7 days-28.14%-6.33%SPCXB
30 days-21.54%-21.79%AMAT
90 days—+17.70%—

Correlation

0.36over 38 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4190d: 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	SPCXB
Max drawdown (400d)	-28.1%	-47.5%
Risk-adjusted return (90d)	-0.23	0.28

Relative strength over 90 days: SPCXB outperformed AMAT by 15.1% — measured on the AMAT/SPCXB ratio, so it holds regardless of market direction.

Applied Materials • Robinhood Token →SpaceX (bStocks Tokenized Stock) →