Take-Two Interactive Software (Backpack Securities) vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 44.9× the size of Take-Two Interactive Software (Backpack Securities) (TTWO) by market capitalisation. Over the past 30 days, STRCX is ahead by 11.3 percentage points (TTWO -8.3% against STRCX +3.0%). Their daily returns move barely together (correlation 0.33 across 27 shared trading days). STRCX has been the more volatile of the two, at 51% annualised against TTWO's 31%.

Correlation: 0.33
Size ratio: 1 : 44.9
Ahead over 30 days: STRCX

Take-Two Interactive Software (Backpack Securities)TTWO

$193.8700

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

Strategy PP Variable xStockSTRCX

$109.6000

24h: +2.52%
Market cap: $142.02M
Volume 24h: $554,637
Volatility (ann.): 51%

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

Performance

TTWOSTRCX

7 days-6.17%+5.41%STRCX
30 days-8.28%+3.05%STRCX

Correlation

0.33over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3390d: 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	STRCX
Max drawdown (400d)	-13.5%	-7.5%
Risk-adjusted return (90d)	-0.31	0.16

Relative strength over 90 days: STRCX outperformed TTWO by 15.1% — measured on the TTWO/STRCX ratio, so it holds regardless of market direction.

Take-Two Interactive Software (Backpack Securities) →Strategy PP Variable xStock →