Celestica, Inc. • Robinhood Token vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 24236.8× the size of Celestica, Inc. • Robinhood Token (CLS) by market capitalisation. Their daily returns move loosely in opposite directions (correlation -0.38 across 23 shared trading days). CRCLB has been the more volatile of the two, at 82% annualised against CLS's 69%.

Correlation: -0.38
Size ratio: 1 : 24236.8

Celestica, Inc. • Robinhood TokenCLS

$248.8100

24h: —
Market cap: $6,194
Volume 24h: $126
Volatility (ann.): 69%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$67.9000

24h: -10.54%
Market cap: $150.12M
Volume 24h: $39.67M
Volatility (ann.): 82%

CLS 0.0%Share of the two combined market caps100.0% CRCLB

Performance

CLSCRCLB

7 days-9.07%-5.56%CRCLB
30 days—-9.22%—
90 days—+19.24%—

Correlation

-0.38over 23 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	CLS	CRCLB
Max drawdown (400d)	-33.0%	-31.5%
Risk-adjusted return (90d)	-0.47	0.23

Relative strength over 90 days: CRCLB outperformed CLS by 25.9% — measured on the CLS/CRCLB ratio, so it holds regardless of market direction.

Celestica, Inc. • Robinhood Token →Circle Internet Group (bStocks Tokenized Stock) →