ImmunityBio, Inc. • Robinhood Token vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 28422.1× the size of ImmunityBio, Inc. • Robinhood Token (IBRX) by market capitalisation. Their daily returns move barely together (correlation 0.24 across 24 shared trading days). Both have run at a similar volatility, around 81% annualised.

Correlation: 0.24
Size ratio: 1 : 28422.1

ImmunityBio, Inc. • Robinhood TokenIBRX

$8.0500

24h: —
Market cap: $5,274
Volume 24h: —
Volatility (ann.): 78%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$68.7800

24h: -9.49%
Market cap: $149.90M
Volume 24h: $45.98M
Volatility (ann.): 83%

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

Performance

IBRXCRCLB

7 days-3.34%-10.02%IBRX
30 days—-18.89%—
90 days—+1.70%—

Correlation

0.24over 24 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	IBRX	CRCLB
Max drawdown (400d)	-24.9%	-35.4%
Risk-adjusted return (90d)	-0.13	0.02

Relative strength over 90 days: IBRX outperformed CRCLB by 9.9% — measured on the IBRX/CRCLB ratio, so it holds regardless of market direction.

ImmunityBio, Inc. • Robinhood Token →Circle Internet Group (bStocks Tokenized Stock) →