e.l.f. Beauty • Robinhood Token vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 20196.5× the size of e.l.f. Beauty • Robinhood Token (ELF) by market capitalisation. Over the past 30 days, ELF is ahead by 5.3 percentage points (ELF +8.1% against STRCX +2.8%). Their daily returns move barely together (correlation 0.33 across 23 shared trading days). Both have run at a similar volatility, around 50% annualised.

Correlation: 0.33
Size ratio: 1 : 20196.5
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%

Strategy PP Variable xStockSTRCX

$109.3300

24h: -0.06%
Market cap: $135.38M
Volume 24h: $2.54M
Volatility (ann.): 50%

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

Performance

ELFSTRCX

7 days-2.38%-0.16%STRCX
30 days+8.13%+2.84%ELF

Correlation

0.33over 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	ELF	STRCX
Max drawdown (400d)	-8.9%	-7.5%
Risk-adjusted return (90d)	0.14	0.15

Relative strength over 90 days: ELF outperformed STRCX by 3.2% — measured on the ELF/STRCX ratio, so it holds regardless of market direction.

e.l.f. Beauty • Robinhood Token →Strategy PP Variable xStock →