CEA Industries (bStocks Tokenized Stock) vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 3.6× the size of CEA Industries (bStocks Tokenized Stock) (BNCB) by market capitalisation. Over the past 30 days, MSTRX is ahead by 28.2 percentage points (BNCB -17.3% against MSTRX +10.9%). Their daily returns move loosely together (correlation 0.48 across 30 shared trading days). Both have run at a similar volatility, around 97% annualised.

Correlation: 0.48
Size ratio: 1 : 3.6
Ahead over 30 days: MSTRX

CEA Industries (bStocks Tokenized Stock)BNCB

$5.0200

24h: +2.12%
Market cap: $38.66M
Volume 24h: $22.08M
Volatility (ann.): 93%

MicroStrategy xStockMSTRX

$143.9400

24h: +8.76%
Market cap: $138.96M
Volume 24h: $4.21M
Volatility (ann.): 101%

BNCB 21.8%Share of the two combined market caps78.2% MSTRX

Performance

BNCBMSTRX

7 days-10.34%+0.26%MSTRX
30 days-17.27%+10.88%MSTRX

Correlation

0.48over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.4890d: 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	BNCB	MSTRX
Max drawdown (400d)	-33.3%	-18.3%
Risk-adjusted return (90d)	-0.04	0.38

Relative strength over 90 days: MSTRX outperformed BNCB by 9.2% — measured on the BNCB/MSTRX ratio, so it holds regardless of market direction.

CEA Industries (bStocks Tokenized Stock) →MicroStrategy xStock →