Modine Manufacturing Co • Robinhood Token vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 24140.3× the size of Modine Manufacturing Co • Robinhood Token (MOD) by market capitalisation. Their daily returns move closely together (correlation 0.66 across 27 shared trading days). MOD has been the more volatile of the two, at 178% annualised against SPCXB's 71%.

Correlation: 0.66
Size ratio: 1 : 24140.3

Modine Manufacturing Co • Robinhood TokenMOD

$94.2300

24h: —
Market cap: $7,703
Volume 24h: $1,997
Volatility (ann.): 178%

SpaceX (bStocks Tokenized Stock)SPCXB

$123.9000

24h: -9.98%
Market cap: $185.96M
Volume 24h: $47.36M
Volatility (ann.): 71%

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

Performance

MODSPCXB

7 days-49.57%-6.33%SPCXB
30 days-49.17%-21.79%SPCXB
90 days—+17.70%—

Correlation

0.66over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.6690d: 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	MOD	SPCXB
Max drawdown (400d)	-49.6%	-47.5%
Risk-adjusted return (90d)	-0.28	0.28

Relative strength over 90 days: SPCXB outperformed MOD by 43.4% — measured on the MOD/SPCXB ratio, so it holds regardless of market direction.

Modine Manufacturing Co • Robinhood Token →SpaceX (bStocks Tokenized Stock) →