Correlation between stocks and tokenized stocks (2021)

Please see the attached image.

"Only two out of twenty tokens have correlations beneath this threshold, namely McDonald's Corporation and Gamestop Corporation with respective correlation coefficients of 0,79 and 0,93."

Buyse, J. (2021). Impact assessment of digital assets on securities markets [Universiteit Gent]. https://libstore.ugent.be/fulltxt/RUG01/003/010/051/RUG01-003010051_2021_0001_AC.pdf