e.l.f. Beauty • Robinhood Token vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 18768.6× the size of e.l.f. Beauty • Robinhood Token (ELF) by market capitalisation. Over the past 30 days, ELF is ahead by 14.9 percentage points (ELF +8.1% against MSTRX -6.7%). Their daily returns move loosely together (correlation 0.36 across 21 shared trading days). MSTRX has been the more volatile of the two, at 105% annualised against ELF's 50%.

Correlation: 0.36
Size ratio: 1 : 18768.6
Ahead over 30 days: ELF

e.l.f. Beauty • Robinhood TokenELF

$109.6800

24h: -7.51%
Market cap: $6,703
Volume 24h: $6,579
Volatility (ann.): 50%

MicroStrategy xStockMSTRX

$129.1500

24h: -10.27%
Market cap: $125.81M
Volume 24h: $5.44M
Volatility (ann.): 105%

ELF 0.0%Share of the two combined market caps100.0% MSTRX

Performance

ELFMSTRX

7 days-2.38%-5.57%ELF
30 days+8.13%-6.73%ELF

Correlation

0.36over 21 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	ELF	MSTRX
Max drawdown (400d)	-8.9%	-20.7%
Risk-adjusted return (90d)	0.14	0.21

Relative strength over 90 days: ELF outperformed MSTRX by 13.3% — measured on the ELF/MSTRX ratio, so it holds regardless of market direction.

e.l.f. Beauty • Robinhood Token →MicroStrategy xStock →