Applied Optoelectronics (bStocks Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 40.9× the size of Applied Optoelectronics (bStocks Tokenized Stock) (AAOIB) by market capitalisation. Over the past 90 days, SPCXB is ahead by 69.7 percentage points (AAOIB -52.0% against SPCXB +17.7%). Their daily returns move loosely together (correlation 0.40 across 113 shared trading days). AAOIB has been the more volatile of the two, at 128% annualised against SPCXB's 71%.

Correlation: 0.40
Size ratio: 1 : 40.9
Ahead over 90 days: SPCXB

Applied Optoelectronics (bStocks Tokenized Stock)AAOIB

$48.0400

24h: -0.98%
Market cap: $4.49M
Volume 24h: $1.65M
Volatility (ann.): 128%

SpaceX (bStocks Tokenized Stock)SPCXB

$123.6700

24h: -10.21%
Market cap: $183.74M
Volume 24h: $46.34M
Volatility (ann.): 71%

AAOIB 2.4%Share of the two combined market caps97.6% SPCXB

Performance

AAOIBSPCXB

7 days-26.52%-6.33%SPCXB
30 days-51.06%-21.79%SPCXB
90 days-51.98%+17.70%SPCXB

Correlation

0.40over 113 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5690d: 0.421y: 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	AAOIB	SPCXB
Max drawdown (400d)	-61.7%	-47.5%
Risk-adjusted return (90d)	-0.50	0.28

Relative strength over 90 days: SPCXB outperformed AAOIB by 59.2% — measured on the AAOIB/SPCXB ratio, so it holds regardless of market direction.

Applied Optoelectronics (bStocks Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →