Salesforce, Inc. • Robinhood Token vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 4590.2× the size of Salesforce, Inc. • Robinhood Token (CRM) by market capitalisation. Over the past 30 days, MSTRX is ahead by 20.0 percentage points (CRM -9.1% against MSTRX +10.9%). Their daily returns move barely in opposite directions (correlation -0.08 across 29 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against CRM's 53%.

Correlation: -0.08
Size ratio: 1 : 4590.2
Ahead over 30 days: MSTRX

Salesforce, Inc. • Robinhood TokenCRM

$226.4600

24h: +1.42%
Market cap: $27,225
Volume 24h: $1,236
Volatility (ann.): 53%

MicroStrategy xStockMSTRX

$129.3300

24h: -10.10%
Market cap: $124.97M
Volume 24h: $3.49M
Volatility (ann.): 101%

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

Performance

CRMMSTRX

7 days+0.09%+0.26%MSTRX
30 days-9.12%+10.88%MSTRX

Correlation

-0.08over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0890d: 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	CRM	MSTRX
Max drawdown (400d)	-17.3%	-18.3%
Risk-adjusted return (90d)	-0.21	0.38

Relative strength over 90 days: MSTRX outperformed CRM by 23.1% — measured on the CRM/MSTRX ratio, so it holds regardless of market direction.

Salesforce, Inc. • Robinhood Token →MicroStrategy xStock →