CEA Industries (bStocks Tokenized Stock) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 3.7× the size of CEA Industries (bStocks Tokenized Stock) (BNCB) by market capitalisation. Over the past 30 days, STRCX is ahead by 20.9 percentage points (BNCB -17.3% against STRCX +3.6%). Their daily returns move barely in opposite directions (correlation -0.30 across 30 shared trading days). BNCB has been the more volatile of the two, at 93% annualised against STRCX's 51%.

Correlation: -0.30
Size ratio: 1 : 3.7
Ahead over 30 days: STRCX

CEA Industries (bStocks Tokenized Stock)BNCB

$5.0200

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

Strategy PP Variable xStockSTRCX

$109.5900

24h: -0.04%
Market cap: $142.01M
Volume 24h: $498,076
Volatility (ann.): 51%

BNCB 21.4%Share of the two combined market caps78.6% STRCX

Performance

BNCBSTRCX

7 days-10.34%+0.05%STRCX
30 days-17.27%+3.64%STRCX

Correlation

-0.30over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3090d: 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	STRCX
Max drawdown (400d)	-33.3%	-7.5%
Risk-adjusted return (90d)	-0.04	0.16

Relative strength over 90 days: STRCX outperformed BNCB by 7.4% — measured on the BNCB/STRCX ratio, so it holds regardless of market direction.

CEA Industries (bStocks Tokenized Stock) →Strategy PP Variable xStock →