Take-Two Interactive Software (Backpack Securities) vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 43.6× the size of Take-Two Interactive Software (Backpack Securities) (TTWO) by market capitalisation. Over the past 30 days, MSTRX is ahead by 13.0 percentage points (TTWO -8.3% against MSTRX +4.7%). Their daily returns move barely in opposite directions (correlation -0.04 across 29 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against TTWO's 31%.

Correlation: -0.04
Size ratio: 1 : 43.6
Ahead over 30 days: MSTRX

Take-Two Interactive Software (Backpack Securities)TTWO

$193.8700

24h: +0.36%
Market cap: $3.16M
Volume 24h: $9.96M
Volatility (ann.): 31%

MicroStrategy xStockMSTRX

$144.3500

24h: +5.88%
Market cap: $137.95M
Volume 24h: $3.95M
Volatility (ann.): 101%

TTWO 2.2%Share of the two combined market caps97.8% MSTRX

Performance

TTWOMSTRX

7 days-6.17%-3.45%MSTRX
30 days-8.28%+4.70%MSTRX

Correlation

-0.04over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0490d: 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	TTWO	MSTRX
Max drawdown (400d)	-13.5%	-18.3%
Risk-adjusted return (90d)	-0.31	0.30

Relative strength over 90 days: MSTRX outperformed TTWO by 17.1% — measured on the TTWO/MSTRX ratio, so it holds regardless of market direction.

Take-Two Interactive Software (Backpack Securities) →MicroStrategy xStock →