Tower Semiconductor • Robinhood Token vs Circle Internet Group (bStocks Tokenized Stock)

Circle Internet Group (bStocks Tokenized Stock) (CRCLB) is 30193.0× the size of Tower Semiconductor • Robinhood Token (TSEM) by market capitalisation. Their daily returns move loosely in opposite directions (correlation -0.38 across 22 shared trading days). TSEM has been the more volatile of the two, at 178% annualised against CRCLB's 82%.

Correlation: -0.38
Size ratio: 1 : 30193.0

Tower Semiconductor • Robinhood TokenTSEM

$148.0800

24h: —
Market cap: $4,946
Volume 24h: $29
Volatility (ann.): 178%

Circle Internet Group (bStocks Tokenized Stock)CRCLB

$67.9600

24h: -11.11%
Market cap: $149.34M
Volume 24h: $40.83M
Volatility (ann.): 82%

TSEM 0.0%Share of the two combined market caps100.0% CRCLB

Performance

TSEMCRCLB

7 days-17.62%-5.56%CRCLB
30 days—-9.22%—
90 days—+19.24%—

Correlation

-0.38over 22 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	TSEM	CRCLB
Max drawdown (400d)	-39.2%	-31.5%
Risk-adjusted return (90d)	-0.20	0.23

Relative strength over 90 days: CRCLB outperformed TSEM by 28.7% — measured on the TSEM/CRCLB ratio, so it holds regardless of market direction.

Tower Semiconductor • Robinhood Token →Circle Internet Group (bStocks Tokenized Stock) →