ImmunityBio, Inc. • Robinhood Token vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 37715.7× the size of ImmunityBio, Inc. • Robinhood Token (IBRX) by market capitalisation. Their daily returns move barely together (correlation 0.21 across 24 shared trading days). Both have run at a similar volatility, around 76% annualised.

Correlation: 0.21
Size ratio: 1 : 37715.7

ImmunityBio, Inc. • Robinhood TokenIBRX

$8.0500

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

SpaceX (bStocks Tokenized Stock)SPCXB

$126.7800

24h: -5.29%
Market cap: $198.92M
Volume 24h: $64.03M
Volatility (ann.): 73%

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

Performance

IBRXSPCXB

7 days-3.34%-12.85%IBRX
30 days—-27.86%—
90 days—-8.57%—

Correlation

0.21over 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	SPCXB
Max drawdown (400d)	-24.9%	-47.5%
Risk-adjusted return (90d)	-0.13	-0.15

Relative strength over 90 days: IBRX outperformed SPCXB by 9.1% — measured on the IBRX/SPCXB ratio, so it holds regardless of market direction.

ImmunityBio, Inc. • Robinhood Token →SpaceX (bStocks Tokenized Stock) →