Salesforce, Inc. • Robinhood Token vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 6661.8× the size of Salesforce, Inc. • Robinhood Token (CRM) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.21 across 38 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against CRM's 53%.

Correlation: -0.21
Size ratio: 1 : 6661.8

Salesforce, Inc. • Robinhood TokenCRM

$226.4600

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

SpaceX (bStocks Tokenized Stock)SPCXB

$122.2300

24h: -10.41%
Market cap: $181.37M
Volume 24h: $39.91M
Volatility (ann.): 71%

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

Performance

CRMSPCXB

7 days+0.09%-6.33%CRM
30 days-9.12%-21.79%CRM
90 days—+17.70%—

Correlation

-0.21over 38 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.2290d: 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	SPCXB
Max drawdown (400d)	-17.3%	-47.5%
Risk-adjusted return (90d)	-0.21	0.28

Relative strength over 90 days: SPCXB outperformed CRM by 6.3% — measured on the CRM/SPCXB ratio, so it holds regardless of market direction.

Salesforce, Inc. • Robinhood Token →SpaceX (bStocks Tokenized Stock) →