UiPath, Inc. • Robinhood Token vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 10370.0× the size of UiPath, Inc. • Robinhood Token (PATH) by market capitalisation. Their daily returns move barely together (correlation 0.17 across 30 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against PATH's 39%.

Correlation: 0.17
Size ratio: 1 : 10370.0

UiPath, Inc. • Robinhood TokenPATH

$13.3100

24h: —
Market cap: $18,885
Volume 24h: $2
Volatility (ann.): 39%

SpaceX (bStocks Tokenized Stock)SPCXB

$123.4800

24h: -8.86%
Market cap: $195.83M
Volume 24h: $54.37M
Volatility (ann.): 71%

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

Performance

PATHSPCXB

7 days-3.83%-6.33%PATH
30 days+4.56%-21.79%PATH
90 days—+17.70%—

Correlation

0.17over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1790d: 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	PATH	SPCXB
Max drawdown (400d)	-5.3%	-47.5%
Risk-adjusted return (90d)	0.12	0.28

Relative strength over 90 days: PATH outperformed SPCXB by 15.6% — measured on the PATH/SPCXB ratio, so it holds regardless of market direction.

UiPath, Inc. • Robinhood Token →SpaceX (bStocks Tokenized Stock) →