MicroStrategy xStock (MSTRX) is 31597.5× the size of TTM Technologies (Ondo Tokenized) (TTMION) by market capitalisation. Their daily returns move barely together (correlation 0.10 across 35 shared trading days). Both have run at a similar volatility, around 97% annualised.
$79.8700
TTMIONMSTRX
0.10over 35 shared trading days
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.
| Metric | TTMION | MSTRX |
|---|---|---|
| Max drawdown (400d) | -50.5% | -18.3% |
| Risk-adjusted return (90d) | -0.35 | 0.38 |
Relative strength over 90 days: MSTRX outperformed TTMION by 28.6% — measured on the TTMION/MSTRX ratio, so it holds regardless of market direction.