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

SpaceX (bStocks Tokenized Stock) (SPCXB) is 22558.8× the size of Applied Optoelectronics • Robinhood Token (AAOI) by market capitalisation. Their daily returns move closely together (correlation 0.60 across 31 shared trading days). AAOI has been the more volatile of the two, at 128% annualised against SPCXB's 73%.

Correlation: 0.60
Size ratio: 1 : 22558.8

Applied Optoelectronics • Robinhood TokenAAOI

$40.2600

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

SpaceX (bStocks Tokenized Stock)SPCXB

$128.6200

24h: -4.18%
Market cap: $202.76M
Volume 24h: $76.36M
Volatility (ann.): 73%

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

Performance

AAOISPCXB

7 days-42.38%-12.85%SPCXB
30 days-54.31%-27.86%SPCXB
90 days—-8.57%—

Correlation

0.60over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6090d: 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	SPCXB
Max drawdown (400d)	-61.1%	-47.5%
Risk-adjusted return (90d)	-0.42	-0.15

Relative strength over 90 days: SPCXB outperformed AAOI by 44.5% — measured on the AAOI/SPCXB ratio, so it holds regardless of market direction.

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