Purecycle Technologies Inc aStock vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 284279969.7× the size of Purecycle Technologies Inc aStock (APCT) by market capitalisation. Their daily returns move barely together (correlation 0.19 across 31 shared trading days). Both have run at a similar volatility, around 70% annualised.

Correlation: 0.19
Size ratio: 1 : 284279969.7

Purecycle Technologies Inc aStockAPCT

$3.1100

24h: -0.16%
Market cap: $1
Volume 24h: —
Volatility (ann.): 68%

SpaceX (bStocks Tokenized Stock)SPCXB

$134.0400

24h: -5.02%
Market cap: $198.24M
Volume 24h: $69.93M
Volatility (ann.): 71%

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

Performance

APCTSPCXB

7 days-9.12%-5.60%SPCXB
30 days-46.73%-11.42%SPCXB
90 days—+28.18%—

Correlation

0.19over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1990d: 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	APCT	SPCXB
Max drawdown (400d)	-46.7%	-47.5%
Risk-adjusted return (90d)	-0.68	0.45

Relative strength over 90 days: SPCXB outperformed APCT by 46.7% — measured on the APCT/SPCXB ratio, so it holds regardless of market direction.

Purecycle Technologies Inc aStock →SpaceX (bStocks Tokenized Stock) →