e.l.f. Beauty • Robinhood Token vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 29675.4× the size of e.l.f. Beauty • Robinhood Token (ELF) by market capitalisation. Their daily returns move barely together (correlation 0.20 across 34 shared trading days). SPCXB has been the more volatile of the two, at 73% annualised against ELF's 50%.

Correlation: 0.20
Size ratio: 1 : 29675.4

e.l.f. Beauty • Robinhood TokenELF

$109.6800

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

SpaceX (bStocks Tokenized Stock)SPCXB

$126.9600

24h: -5.29%
Market cap: $198.92M
Volume 24h: $64.03M
Volatility (ann.): 73%

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

Performance

ELFSPCXB

7 days-2.38%-12.85%ELF
30 days+8.13%-27.86%ELF
90 days—-8.57%—

Correlation

0.20over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2490d: 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	SPCXB
Max drawdown (400d)	-8.9%	-47.5%
Risk-adjusted return (90d)	0.14	-0.15

Relative strength over 90 days: ELF outperformed SPCXB by 30.3% — measured on the ELF/SPCXB ratio, so it holds regardless of market direction.

e.l.f. Beauty • Robinhood Token →SpaceX (bStocks Tokenized Stock) →