Red Cat Holdings, Inc. • Robinhood Token vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 2278.9× the size of Red Cat Holdings, Inc. • Robinhood Token (RCAT) by market capitalisation. Over the past 30 days, STRCX is ahead by 50.7 percentage points (RCAT -47.1% against STRCX +3.6%). Their daily returns move barely together (correlation 0.16 across 25 shared trading days). RCAT has been the more volatile of the two, at 123% annualised against STRCX's 51%.

Correlation: 0.16
Size ratio: 1 : 2278.9
Ahead over 30 days: STRCX

Red Cat Holdings, Inc. • Robinhood TokenRCAT

$4.0200

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

Strategy PP Variable xStockSTRCX

$109.1000

24h: -0.51%
Market cap: $141.41M
Volume 24h: $461,896
Volatility (ann.): 51%

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

Performance

RCATSTRCX

7 days-30.23%+0.05%STRCX
30 days-47.06%+3.64%STRCX

Correlation

0.16over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1690d: 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	STRCX
Max drawdown (400d)	-56.3%	-7.5%
Risk-adjusted return (90d)	-0.38	0.16

Relative strength over 90 days: STRCX outperformed RCAT by 49.9% — measured on the RCAT/STRCX ratio, so it holds regardless of market direction.

Red Cat Holdings, Inc. • Robinhood Token →Strategy PP Variable xStock →