Applied Optoelectronics • Robinhood Token vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 15053.6× the size of Applied Optoelectronics • Robinhood Token (AAOI) by market capitalisation. Over the past 30 days, STRCX is ahead by 57.2 percentage points (AAOI -54.3% against STRCX +2.8%). Their daily returns move barely together (correlation 0.15 across 21 shared trading days). AAOI has been the more volatile of the two, at 128% annualised against STRCX's 50%.

Correlation: 0.15
Size ratio: 1 : 15053.6
Ahead over 30 days: STRCX

Applied Optoelectronics • Robinhood TokenAAOI

$40.2600

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

Strategy PP Variable xStockSTRCX

$109.2600

24h: -0.10%
Market cap: $135.30M
Volume 24h: $2.55M
Volatility (ann.): 50%

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

Performance

AAOISTRCX

7 days-42.38%-0.16%STRCX
30 days-54.31%+2.84%STRCX

Correlation

0.15over 21 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	STRCX
Max drawdown (400d)	-61.1%	-7.5%
Risk-adjusted return (90d)	-0.42	0.15

Relative strength over 90 days: STRCX outperformed AAOI by 52.0% — measured on the AAOI/STRCX ratio, so it holds regardless of market direction.

Applied Optoelectronics • Robinhood Token →Strategy PP Variable xStock →