Cerebras Systems • Robinhood Token vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 973.4× the size of Cerebras Systems • Robinhood Token (CBRS) by market capitalisation. Their daily returns move barely together (correlation 0.10 across 26 shared trading days). CBRS has been the more volatile of the two, at 423% annualised against SPCXB's 73%.

Correlation: 0.10
Size ratio: 1 : 973.4

Cerebras Systems • Robinhood TokenCBRS

$82.0100

24h: -9.51%
Market cap: $204,361
Volume 24h: $179
Volatility (ann.): 423%

SpaceX (bStocks Tokenized Stock)SPCXB

$126.9600

24h: -5.29%
Market cap: $198.92M
Volume 24h: $64.03M
Volatility (ann.): 73%

CBRS 0.1%Share of the two combined market caps99.9% SPCXB

Performance

CBRSSPCXB

7 days-21.62%-12.85%SPCXB
30 days-49.03%-27.86%SPCXB
90 days—-8.57%—

Correlation

0.10over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1090d: 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	CBRS	SPCXB
Max drawdown (400d)	-55.5%	-47.5%
Risk-adjusted return (90d)	-0.12	-0.15

Relative strength over 90 days: SPCXB outperformed CBRS by 38.1% — measured on the CBRS/SPCXB ratio, so it holds regardless of market direction.

Cerebras Systems • Robinhood Token →SpaceX (bStocks Tokenized Stock) →