AST SpaceMobile (bStocks Tokenized Stock) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 160.4× the size of AST SpaceMobile (bStocks Tokenized Stock) (ASTSB) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.02 across 57 shared trading days). ASTSB has been the more volatile of the two, at 80% annualised against STRCX's 51%.

Correlation: -0.02
Size ratio: 1 : 160.4

AST SpaceMobile (bStocks Tokenized Stock)ASTSB

$37.5100

24h: -0.00%
Market cap: $919,777
Volume 24h: $290,576
Volatility (ann.): 80%

Strategy PP Variable xStockSTRCX

$109.5500

24h: +3.31%
Market cap: $147.51M
Volume 24h: $577,934
Volatility (ann.): 51%

ASTSB 0.6%Share of the two combined market caps99.4% STRCX

Performance

ASTSBSTRCX

7 days-10.23%+5.41%STRCX
30 days-36.47%+3.05%STRCX
90 days-45.12%——

Correlation

-0.02over 57 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0590d: 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	ASTSB	STRCX
Max drawdown (400d)	-50.4%	-7.5%
Risk-adjusted return (90d)	-0.56	0.16

Relative strength over 90 days: STRCX outperformed ASTSB by 51.5% — measured on the ASTSB/STRCX ratio, so it holds regardless of market direction.

AST SpaceMobile (bStocks Tokenized Stock) →Strategy PP Variable xStock →