Dell Technologies (Dinari Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 10891.8× the size of Dell Technologies (Dinari Tokenized Stock) (DELL) by market capitalisation. Their daily returns move barely together (correlation 0.19 across 26 shared trading days). DELL has been the more volatile of the two, at 94% annualised against SPCXB's 73%.

Correlation: 0.19
Size ratio: 1 : 10891.8

Dell Technologies (Dinari Tokenized Stock)DELL

$326.4300

24h: -10.61%
Market cap: $18,232
Volume 24h: $1,018
Volatility (ann.): 94%

SpaceX (bStocks Tokenized Stock)SPCXB

$126.8600

24h: -5.32%
Market cap: $198.58M
Volume 24h: $61.77M
Volatility (ann.): 73%

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

Performance

DELLSPCXB

7 days-1.36%-12.85%DELL
30 days+28.03%-27.86%DELL
90 days—-8.57%—

Correlation

0.19over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1990d: 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	DELL	SPCXB
Max drawdown (400d)	-9.0%	-47.5%
Risk-adjusted return (90d)	0.30	-0.15

Relative strength over 90 days: DELL outperformed SPCXB by 22.3% — measured on the DELL/SPCXB ratio, so it holds regardless of market direction.

Dell Technologies (Dinari Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →