Applied Materials • Robinhood Token vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 1637.6× the size of Applied Materials • Robinhood Token (AMAT) by market capitalisation. Over the past 30 days, STRCX is ahead by 25.2 percentage points (AMAT -21.5% against STRCX +3.6%). Their daily returns move loosely in opposite directions (correlation -0.37 across 27 shared trading days). AMAT has been the more volatile of the two, at 85% annualised against STRCX's 51%.

Correlation: -0.37
Size ratio: 1 : 1637.6
Ahead over 30 days: STRCX

Applied Materials • Robinhood TokenAMAT

$373.9500

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

Strategy PP Variable xStockSTRCX

$109.3900

24h: +0.06%
Market cap: $141.78M
Volume 24h: $406,697
Volatility (ann.): 51%

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

Performance

AMATSTRCX

7 days-28.14%+0.05%STRCX
30 days-21.54%+3.64%STRCX

Correlation

-0.37over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3790d: 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	STRCX
Max drawdown (400d)	-28.1%	-7.5%
Risk-adjusted return (90d)	-0.23	0.16

Relative strength over 90 days: STRCX outperformed AMAT by 24.4% — measured on the AMAT/STRCX ratio, so it holds regardless of market direction.

Applied Materials • Robinhood Token →Strategy PP Variable xStock →