CURRENC Group Inc. vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 13.6× the size of CURRENC Group Inc. (CURR) by market capitalisation. Over the past 30 days, MSTRX is ahead by 15.7 percentage points (CURR -11.0% against MSTRX +4.7%). Their daily returns move barely together (correlation 0.26 across 25 shared trading days). CURR has been the more volatile of the two, at 131% annualised against MSTRX's 101%.

Correlation: 0.26
Size ratio: 1 : 13.6
Ahead over 30 days: MSTRX

CURRENC Group Inc.CURR

$2.0100

24h: +4.15%
Market cap: $9.48M
Volume 24h: —
Volatility (ann.): 131%

MicroStrategy xStockMSTRX

$135.5500

24h: +2.69%
Market cap: $129.31M
Volume 24h: $2.93M
Volatility (ann.): 101%

CURR 6.8%Share of the two combined market caps93.2% MSTRX

Performance

CURRMSTRX

7 days-7.12%-3.45%MSTRX
30 days-10.98%+4.70%MSTRX

Correlation

0.26over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2690d: 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	CURR	MSTRX
Max drawdown (400d)	-25.2%	-18.3%
Risk-adjusted return (90d)	-0.08	0.30

Relative strength over 90 days: MSTRX outperformed CURR by 27.0% — measured on the CURR/MSTRX ratio, so it holds regardless of market direction.

CURRENC Group Inc. →MicroStrategy xStock →