Everpure • Robinhood Token vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 15226.0× the size of Everpure • Robinhood Token (P) by market capitalisation. Their daily returns move loosely together (correlation 0.45 across 33 shared trading days). P has been the more volatile of the two, at 104% annualised against SPCXB's 73%.

Correlation: 0.45
Size ratio: 1 : 15226.0

Everpure • Robinhood TokenP

$96.3600

24h: -15.60%
Market cap: $13,317
Volume 24h: $2,287
Volatility (ann.): 104%

SpaceX (bStocks Tokenized Stock)SPCXB

$128.6200

24h: -4.18%
Market cap: $202.76M
Volume 24h: $76.36M
Volatility (ann.): 73%

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

Performance

PSPCXB

7 days-26.86%-12.85%SPCXB
30 days-27.04%-27.86%P
90 days—-8.57%—

Correlation

0.45over 33 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3990d: 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	P	SPCXB
Max drawdown (400d)	-36.1%	-47.5%
Risk-adjusted return (90d)	-0.22	-0.15

Relative strength over 90 days: SPCXB outperformed P by 6.2% — measured on the P/SPCXB ratio, so it holds regardless of market direction.

Everpure • Robinhood Token →SpaceX (bStocks Tokenized Stock) →