Hewlett Packard Enterprise Company • Robinhood Token vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 6005.4× the size of Hewlett Packard Enterprise Company • Robinhood Token (HPE) by market capitalisation. Their daily returns move barely together (correlation 0.31 across 36 shared trading days). CRCLB has been the more volatile of the two, at 83% annualised against HPE's 68%.

Correlation: 0.31
Size ratio: 1 : 6005.4

Hewlett Packard Enterprise Company • Robinhood TokenHPE

$43.8700

24h: -12.29%
Market cap: $25,131
Volume 24h: $1,494
Volatility (ann.): 68%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$69.4600

24h: -2.99%
Market cap: $150.92M
Volume 24h: $44.36M
Volatility (ann.): 83%

HPE 0.0%Share of the two combined market caps100.0% CRCLB

Performance

HPECRCLB

7 days-21.60%-10.02%CRCLB
30 days-34.00%-18.89%CRCLB
90 days—+1.70%—

Correlation

0.31over 36 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3790d: 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	HPE	CRCLB
Max drawdown (400d)	-36.6%	-35.4%
Risk-adjusted return (90d)	-0.41	0.02

Relative strength over 90 days: CRCLB outperformed HPE by 11.7% — measured on the HPE/CRCLB ratio, so it holds regardless of market direction.

Hewlett Packard Enterprise Company • Robinhood Token →Circle Internet Group (bStocks Tokenized Stock) →