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

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 26790.4× the size of Permian Resources • Robinhood Token (PR) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.07 across 23 shared trading days). Both have run at a similar volatility, around 79% annualised.

Correlation: -0.07
Size ratio: 1 : 26790.4

Permian Resources • Robinhood TokenPR

$22.1200

24h: -7.94%
Market cap: $5,606
Volume 24h: $3
Volatility (ann.): 74%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$68.3600

24h: -9.50%
Market cap: $150.17M
Volume 24h: $45.62M
Volatility (ann.): 83%

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

Performance

PRCRCLB

7 days-2.53%-10.02%PR
30 days—-18.89%—
90 days—+1.70%—

Correlation

-0.07over 23 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	PR	CRCLB
Max drawdown (400d)	-11.8%	-35.4%
Risk-adjusted return (90d)	0.19	0.02

Relative strength over 90 days: PR outperformed CRCLB by 39.5% — measured on the PR/CRCLB ratio, so it holds regardless of market direction.

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