CURRENC Group Inc. vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 15.5× the size of CURRENC Group Inc. (CURR) by market capitalisation. Over the past 30 days, STRCX is ahead by 14.0 percentage points (CURR -11.0% against STRCX +3.0%). Their daily returns move barely together (correlation 0.19 across 23 shared trading days). CURR has been the more volatile of the two, at 131% annualised against STRCX's 51%.

Correlation: 0.19
Size ratio: 1 : 15.5
Ahead over 30 days: STRCX

CURRENC Group Inc.CURR

$2.0100

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

Strategy PP Variable xStockSTRCX

$109.3300

24h: +0.47%
Market cap: $147.21M
Volume 24h: $594,635
Volatility (ann.): 51%

CURR 6.1%Share of the two combined market caps93.9% STRCX

Performance

CURRSTRCX

7 days-7.12%+5.41%STRCX
30 days-10.98%+3.05%STRCX

Correlation

0.19over 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	CURR	STRCX
Max drawdown (400d)	-25.2%	-7.5%
Risk-adjusted return (90d)	-0.08	0.16

Relative strength over 90 days: STRCX outperformed CURR by 13.8% — measured on the CURR/STRCX ratio, so it holds regardless of market direction.

CURRENC Group Inc. →Strategy PP Variable xStock →