MicroStrategy Incorporated ST0x vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 5396.4× the size of MicroStrategy Incorporated ST0x (WTMSTR) by market capitalisation. Over the past 30 days, STRCX is ahead by 24.3 percentage points (WTMSTR -21.4% against STRCX +2.8%). Their daily returns move barely together (correlation 0.23 across 24 shared trading days). WTMSTR has been the more volatile of the two, at 67628443% annualised against STRCX's 50%.

Correlation: 0.23
Size ratio: 1 : 5396.4
Ahead over 30 days: STRCX

MicroStrategy Incorporated ST0xWTMSTR

$129.1500

24h: -10.26%
Market cap: $25,091
Volume 24h: $18,084
Volatility (ann.): 67628443%

Strategy PP Variable xStockSTRCX

$109.3400

24h: -0.05%
Market cap: $135.40M
Volume 24h: $2.54M
Volatility (ann.): 50%

WTMSTR 0.0%Share of the two combined market caps100.0% STRCX

Performance

WTMSTRSTRCX

7 days-8.20%-0.16%STRCX
30 days-21.42%+2.84%STRCX

Correlation

0.23over 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	WTMSTR	STRCX
Max drawdown (400d)	-100.0%	-7.5%
Risk-adjusted return (90d)	0.00	0.15

Relative strength over 90 days: STRCX outperformed WTMSTR by 15.0% — measured on the WTMSTR/STRCX ratio, so it holds regardless of market direction.

MicroStrategy Incorporated ST0x →Strategy PP Variable xStock →