Applied Optoelectronics • Robinhood Token vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 16967.1× the size of Applied Optoelectronics • Robinhood Token (AAOI) by market capitalisation. Their daily returns move barely together (correlation 0.35 across 31 shared trading days). AAOI has been the more volatile of the two, at 128% annualised against CRCLB's 83%.

Correlation: 0.35
Size ratio: 1 : 16967.1

Applied Optoelectronics • Robinhood TokenAAOI

$40.2600

24h: -31.03%
Market cap: $8,988
Volume 24h: $3,017
Volatility (ann.): 128%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$69.2800

24h: -7.92%
Market cap: $152.50M
Volume 24h: $47.56M
Volatility (ann.): 83%

AAOI 0.0%Share of the two combined market caps100.0% CRCLB

Performance

AAOICRCLB

7 days-42.38%-10.02%CRCLB
30 days-54.31%-18.89%CRCLB
90 days—+1.70%—

Correlation

0.35over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3590d: 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	AAOI	CRCLB
Max drawdown (400d)	-61.1%	-35.4%
Risk-adjusted return (90d)	-0.42	0.02

Relative strength over 90 days: CRCLB outperformed AAOI by 44.1% — measured on the AAOI/CRCLB ratio, so it holds regardless of market direction.

Applied Optoelectronics • Robinhood Token →Circle Internet Group (bStocks Tokenized Stock) →