SoundHound AI, Inc • Robinhood Token vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 5361.8× the size of SoundHound AI, Inc • Robinhood Token (SOUN) by market capitalisation. Their daily returns move loosely together (correlation 0.49 across 24 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against SOUN's 56%.

Correlation: 0.49
Size ratio: 1 : 5361.8

SoundHound AI, Inc • Robinhood TokenSOUN

$4.2900

24h: —
Market cap: $33,826
Volume 24h: —
Volatility (ann.): 56%

SpaceX (bStocks Tokenized Stock)SPCXB

$122.2300

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

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

Performance

SOUNSPCXB

7 days-6.96%-6.33%SPCXB
30 days—-21.79%—
90 days—+17.70%—

Correlation

0.49over 24 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	SOUN	SPCXB
Max drawdown (400d)	-29.8%	-47.5%
Risk-adjusted return (90d)	-0.53	0.28

Relative strength over 90 days: SPCXB outperformed SOUN by 23.8% — measured on the SOUN/SPCXB ratio, so it holds regardless of market direction.

SoundHound AI, Inc • Robinhood Token →SpaceX (bStocks Tokenized Stock) →