Applovin Corporation • Robinhood Token vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 16572.6× the size of Applovin Corporation • Robinhood Token (APP) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.09 across 27 shared trading days). APP has been the more volatile of the two, at 187% annualised against CRCLB's 83%.

Correlation: -0.09
Size ratio: 1 : 16572.6

Applovin Corporation • Robinhood TokenAPP

$351.7100

24h: +3.33%
Market cap: $9,202
Volume 24h: $877
Volatility (ann.): 187%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$69.4000

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

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

Performance

APPCRCLB

7 days+31.56%-10.02%APP
30 days+23.85%-18.89%APP
90 days—+1.70%—

Correlation

-0.09over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0990d: 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	APP	CRCLB
Max drawdown (400d)	-16.1%	-35.4%
Risk-adjusted return (90d)	0.13	0.02

Relative strength over 90 days: APP outperformed CRCLB by 51.6% — measured on the APP/CRCLB ratio, so it holds regardless of market direction.

Applovin Corporation • Robinhood Token →Circle Internet Group (bStocks Tokenized Stock) →