Red Cat Holdings, Inc. • Robinhood Token vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 2376.9× the size of Red Cat Holdings, Inc. • Robinhood Token (RCAT) by market capitalisation. Their daily returns move barely together (correlation 0.19 across 36 shared trading days). RCAT has been the more volatile of the two, at 123% annualised against CRCLB's 82%.

Correlation: 0.19
Size ratio: 1 : 2376.9

Red Cat Holdings, Inc. • Robinhood TokenRCAT

$4.0200

24h: -10.67%
Market cap: $62,053
Volume 24h: $10,043
Volatility (ann.): 123%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$69.0100

24h: -9.75%
Market cap: $147.49M
Volume 24h: $34.87M
Volatility (ann.): 82%

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

Performance

RCATCRCLB

7 days-30.23%-5.56%CRCLB
30 days-47.06%-9.22%CRCLB
90 days—+19.24%—

Correlation

0.19over 36 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2090d: 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	RCAT	CRCLB
Max drawdown (400d)	-56.3%	-31.5%
Risk-adjusted return (90d)	-0.38	0.23

Relative strength over 90 days: CRCLB outperformed RCAT by 37.5% — measured on the RCAT/CRCLB ratio, so it holds regardless of market direction.

Red Cat Holdings, Inc. • Robinhood Token →Circle Internet Group (bStocks Tokenized Stock) →