Chaince Digital Holdings Inc aStock vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 69584328.9× the size of Chaince Digital Holdings Inc aStock (ACD) by market capitalisation. Their daily returns move barely together (correlation 0.11 across 31 shared trading days). ACD has been the more volatile of the two, at 196% annualised against SPCXB's 71%.

Correlation: 0.11
Size ratio: 1 : 69584328.9

Chaince Digital Holdings Inc aStockACD

$5.6900

24h: +4.03%
Market cap: $3
Volume 24h: —
Volatility (ann.): 196%

SpaceX (bStocks Tokenized Stock)SPCXB

$135.2300

24h: -4.48%
Market cap: $197.62M
Volume 24h: $70.19M
Volatility (ann.): 71%

ACD 0.0%Share of the two combined market caps100.0% SPCXB

Performance

ACDSPCXB

7 days+4.74%-5.60%ACD
30 days+79.41%-11.42%ACD
90 days—+28.18%—

Correlation

0.11over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1190d: 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	ACD	SPCXB
Max drawdown (400d)	-40.1%	-47.5%
Risk-adjusted return (90d)	0.41	0.45

Relative strength over 90 days: ACD outperformed SPCXB by 79.4% — measured on the ACD/SPCXB ratio, so it holds regardless of market direction.

Chaince Digital Holdings Inc aStock →SpaceX (bStocks Tokenized Stock) →