Atlassian Corporation • Robinhood Token vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 75004.6× the size of Atlassian Corporation • Robinhood Token (TEAM) by market capitalisation. Their daily returns move loosely together (correlation 0.36 across 24 shared trading days). SPCXB has been the more volatile of the two, at 73% annualised against TEAM's 60%.

Correlation: 0.36
Size ratio: 1 : 75004.6

Atlassian Corporation • Robinhood TokenTEAM

$190.5200

24h: —
Market cap: $2,691
Volume 24h: $11
Volatility (ann.): 60%

SpaceX (bStocks Tokenized Stock)SPCXB

$127.3100

24h: -5.04%
Market cap: $201.81M
Volume 24h: $60.61M
Volatility (ann.): 73%

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

Performance

TEAMSPCXB

7 days-12.64%-12.85%TEAM
30 days—-27.86%—
90 days—-8.57%—

Correlation

0.36over 24 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	TEAM	SPCXB
Max drawdown (400d)	-14.7%	-47.5%
Risk-adjusted return (90d)	0.14	-0.15

Relative strength over 90 days: TEAM outperformed SPCXB by 32.1% — measured on the TEAM/SPCXB ratio, so it holds regardless of market direction.

Atlassian Corporation • Robinhood Token →SpaceX (bStocks Tokenized Stock) →