Hewlett Packard Enterprise Company • Robinhood Token vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 4985.7× the size of Hewlett Packard Enterprise Company • Robinhood Token (HPE) by market capitalisation. Over the past 30 days, MSTRX is ahead by 27.3 percentage points (HPE -34.0% against MSTRX -6.7%). Their daily returns move closely together (correlation 0.72 across 22 shared trading days). MSTRX has been the more volatile of the two, at 105% annualised against HPE's 68%.

Correlation: 0.72
Size ratio: 1 : 4985.7
Ahead over 30 days: MSTRX

Hewlett Packard Enterprise Company • Robinhood TokenHPE

$43.8700

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

MicroStrategy xStockMSTRX

$128.4600

24h: -5.36%
Market cap: $125.30M
Volume 24h: $5.49M
Volatility (ann.): 105%

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

Performance

HPEMSTRX

7 days-21.60%-5.57%MSTRX
30 days-34.00%-6.73%MSTRX

Correlation

0.72over 22 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	HPE	MSTRX
Max drawdown (400d)	-36.6%	-20.7%
Risk-adjusted return (90d)	-0.41	0.21

Relative strength over 90 days: MSTRX outperformed HPE by 14.6% — measured on the HPE/MSTRX ratio, so it holds regardless of market direction.

Hewlett Packard Enterprise Company • Robinhood Token →MicroStrategy xStock →