Carnival Corporation • Robinhood Token vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 6062.9× the size of Carnival Corporation • Robinhood Token (CCL) by market capitalisation. Over the past 30 days, CCL is ahead by 16.1 percentage points (CCL +19.8% against STRCX +3.6%). Their daily returns move barely together (correlation 0.13 across 20 shared trading days). STRCX has been the more volatile of the two, at 51% annualised against CCL's 41%.

Correlation: 0.13
Size ratio: 1 : 6062.9
Ahead over 30 days: CCL

Carnival Corporation • Robinhood TokenCCL

$31.5700

24h: +6.32%
Market cap: $22,266
Volume 24h: $1,056
Volatility (ann.): 41%

Strategy PP Variable xStockSTRCX

$109.0900

24h: -0.73%
Market cap: $135.00M
Volume 24h: $2.48M
Volatility (ann.): 51%

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

Performance

CCLSTRCX

7 days+11.80%+0.05%CCL
30 days+19.76%+3.64%CCL

Correlation

0.13over 20 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	CCL	STRCX
Max drawdown (400d)	-4.4%	-7.5%
Risk-adjusted return (90d)	0.49	0.16

Relative strength over 90 days: CCL outperformed STRCX by 11.8% — measured on the CCL/STRCX ratio, so it holds regardless of market direction.

Carnival Corporation • Robinhood Token →Strategy PP Variable xStock →