Marvell Technology (Backpack Securities) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 718.4× the size of Marvell Technology (Backpack Securities) (MRVL) by market capitalisation. Over the past 30 days, STRCX is ahead by 36.1 percentage points (MRVL -32.4% against STRCX +3.6%). Their daily returns move loosely in opposite directions (correlation -0.38 across 28 shared trading days). MRVL has been the more volatile of the two, at 92% annualised against STRCX's 51%.

Correlation: -0.38
Size ratio: 1 : 718.4
Ahead over 30 days: STRCX

Marvell Technology (Backpack Securities)MRVL

$156.9000

24h: -5.63%
Market cap: $196,848
Volume 24h: $92,153
Volatility (ann.): 92%

Strategy PP Variable xStockSTRCX

$109.1000

24h: -0.51%
Market cap: $141.41M
Volume 24h: $461,896
Volatility (ann.): 51%

MRVL 0.1%Share of the two combined market caps99.9% STRCX

Performance

MRVLSTRCX

7 days-36.72%+0.05%STRCX
30 days-32.42%+3.64%STRCX

Correlation

-0.38over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3890d: 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	MRVL	STRCX
Max drawdown (400d)	-40.0%	-7.5%
Risk-adjusted return (90d)	-0.27	0.16

Relative strength over 90 days: STRCX outperformed MRVL by 29.2% — measured on the MRVL/STRCX ratio, so it holds regardless of market direction.

Marvell Technology (Backpack Securities) →Strategy PP Variable xStock →