Red Cat Holdings, Inc. • Robinhood Token vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 2043.2× the size of Red Cat Holdings, Inc. • Robinhood Token (RCAT) by market capitalisation. Over the past 30 days, MSTRX is ahead by 57.9 percentage points (RCAT -47.1% against MSTRX +10.9%). Their daily returns move barely together (correlation 0.32 across 27 shared trading days). RCAT has been the more volatile of the two, at 123% annualised against MSTRX's 101%.

Correlation: 0.32
Size ratio: 1 : 2043.2
Ahead over 30 days: MSTRX

Red Cat Holdings, Inc. • Robinhood TokenRCAT

$4.0200

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

MicroStrategy xStockMSTRX

$131.0000

24h: -9.56%
Market cap: $126.79M
Volume 24h: $3.18M
Volatility (ann.): 101%

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

Performance

RCATMSTRX

7 days-30.23%+0.26%MSTRX
30 days-47.06%+10.88%MSTRX

Correlation

0.32over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3290d: 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	MSTRX
Max drawdown (400d)	-56.3%	-18.3%
Risk-adjusted return (90d)	-0.38	0.38

Relative strength over 90 days: MSTRX outperformed RCAT by 53.8% — measured on the RCAT/MSTRX ratio, so it holds regardless of market direction.

Red Cat Holdings, Inc. • Robinhood Token →MicroStrategy xStock →