Netcapital (Dinari Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 65964.0× the size of Netcapital (Dinari Tokenized Stock) (NCPL) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.10 across 27 shared trading days). NCPL has been the more volatile of the two, at 245% annualised against SPCXB's 71%.

Correlation: -0.10
Size ratio: 1 : 65964.0

Netcapital (Dinari Tokenized Stock)NCPL

$1.4900

24h: -6.89%
Market cap: $2,977
Volume 24h: $16
Volatility (ann.): 245%

SpaceX (bStocks Tokenized Stock)SPCXB

$133.8400

24h: -1.47%
Market cap: $196.41M
Volume 24h: $66.66M
Volatility (ann.): 71%

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

Performance

NCPLSPCXB

7 days+2.99%-6.33%NCPL
30 days+111.65%-21.79%NCPL
90 days—+17.70%—

Correlation

-0.10over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1090d: 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	NCPL	SPCXB
Max drawdown (400d)	-36.6%	-47.5%
Risk-adjusted return (90d)	0.46	0.28

Relative strength over 90 days: NCPL outperformed SPCXB by 99.7% — measured on the NCPL/SPCXB ratio, so it holds regardless of market direction.

Netcapital (Dinari Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →