Tower Semiconductor • Robinhood Token vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 39127.1× the size of Tower Semiconductor • Robinhood Token (TSEM) by market capitalisation. Their daily returns move barely together (correlation 0.15 across 22 shared trading days). TSEM has been the more volatile of the two, at 178% annualised against SPCXB's 71%.

Correlation: 0.15
Size ratio: 1 : 39127.1

Tower Semiconductor • Robinhood TokenTSEM

$148.0800

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

SpaceX (bStocks Tokenized Stock)SPCXB

$122.7400

24h: -9.44%
Market cap: $193.52M
Volume 24h: $55.57M
Volatility (ann.): 71%

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

Performance

TSEMSPCXB

7 days-17.62%-6.33%SPCXB
30 days—-21.79%—
90 days—+17.70%—

Correlation

0.15over 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	SPCXB
Max drawdown (400d)	-39.2%	-47.5%
Risk-adjusted return (90d)	-0.20	0.28

Relative strength over 90 days: SPCXB outperformed TSEM by 28.2% — measured on the TSEM/SPCXB ratio, so it holds regardless of market direction.

Tower Semiconductor • Robinhood Token →SpaceX (bStocks Tokenized Stock) →