Arqen vs uTrade

uTrade (UTT) is 3.9× the size of Arqen (ARQ) by market capitalisation. Over the past 30 days, UTT is ahead by 95.7 percentage points (ARQ -35.6% against UTT +60.2%). Their daily returns move barely together (correlation 0.06 across 30 shared trading days). ARQ has been the more volatile of the two, at 214% annualised against UTT's 158%.

Correlation: 0.06
Size ratio: 1 : 3.9
Ahead over 30 days: UTT

ArqenARQ

$0.004298

24h: +6.48%
Market cap: $352,445
Volume 24h: $2,258
Volatility (ann.): 214%

uTradeUTT

$0.302028

24h: -2.04%
Market cap: $1.37M
Volume 24h: $217,848
Volatility (ann.): 158%

ARQ 20.5%Share of the two combined market caps79.5% UTT

Performance

ARQUTT

7 days+2.87%+31.69%UTT
30 days-35.56%+60.17%UTT

Correlation

0.06over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0690d: 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	ARQ	UTT
Max drawdown (400d)	-55.2%	-16.5%
Risk-adjusted return (90d)	-0.21	0.38

Relative strength over 90 days: UTT outperformed ARQ by 42.6% — measured on the ARQ/UTT ratio, so it holds regardless of market direction.

Arqen →uTrade →