UiPath, Inc. • Robinhood Token vs Strategy PP Variable xStock

Strategy PP Variable xStock (STRCX) is 7145.4× the size of UiPath, Inc. • Robinhood Token (PATH) by market capitalisation. Over the past 30 days, PATH is ahead by 0.9 percentage points (PATH +4.6% against STRCX +3.6%). Their daily returns move barely together (correlation 0.20 across 20 shared trading days). STRCX has been the more volatile of the two, at 51% annualised against PATH's 39%.

Correlation: 0.20
Size ratio: 1 : 7145.4
Ahead over 30 days: PATH

UiPath, Inc. • Robinhood TokenPATH

$13.3100

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

Strategy PP Variable xStockSTRCX

$109.0700

24h: -0.52%
Market cap: $134.94M
Volume 24h: $2.50M
Volatility (ann.): 51%

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

Performance

PATHSTRCX

7 days-3.83%+0.05%STRCX
30 days+4.56%+3.64%PATH

Correlation

0.20over 20 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	PATH	STRCX
Max drawdown (400d)	-5.3%	-7.5%
Risk-adjusted return (90d)	0.12	0.16

Relative strength over 90 days: STRCX outperformed PATH by 2.1% — measured on the PATH/STRCX ratio, so it holds regardless of market direction.

UiPath, Inc. • Robinhood Token →Strategy PP Variable xStock →