Innodata • Robinhood Token vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 37478.8× the size of Innodata • Robinhood Token (INOD) by market capitalisation. Their daily returns move barely together (correlation 0.14 across 22 shared trading days). INOD has been the more volatile of the two, at 95% annualised against CRCLB's 82%.

Correlation: 0.14
Size ratio: 1 : 37478.8

Innodata • Robinhood TokenINOD

$42.8900

24h: —
Market cap: $3,858
Volume 24h: —
Volatility (ann.): 95%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$66.5200

24h: -12.77%
Market cap: $144.61M
Volume 24h: $40.56M
Volatility (ann.): 82%

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

Performance

INODCRCLB

7 days-23.43%-5.56%CRCLB
30 days—-9.22%—
90 days—+19.24%—

Correlation

0.14over 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	INOD	CRCLB
Max drawdown (400d)	-37.2%	-31.5%
Risk-adjusted return (90d)	-0.39	0.23

Relative strength over 90 days: CRCLB outperformed INOD by 27.5% — measured on the INOD/CRCLB ratio, so it holds regardless of market direction.

Innodata • Robinhood Token →Circle Internet Group (bStocks Tokenized Stock) →