azit vs Ultima

Ultima (ULTIMA) is 165.1× the size of azit (AZIT) by market capitalisation. Over the past 30 days, AZIT is ahead by 65.6 percentage points (AZIT +24.4% against ULTIMA -41.2%). Their daily returns move loosely in opposite directions (correlation -0.46 across 21 shared trading days). AZIT has been the more volatile of the two, at 322% annualised against ULTIMA's 52%.

Correlation: -0.46
Size ratio: 1 : 165.1
Ahead over 30 days: AZIT

azitAZIT

$0.001299

24h: -1.82%
Market cap: $604,403
Volume 24h: $296,042
Volatility (ann.): 322%

UltimaULTIMA

$1,177.86

24h: +2.75%
Market cap: $99.77M
Volume 24h: $5.07M
Volatility (ann.): 52%

AZIT 0.6%Share of the two combined market caps99.4% ULTIMA

Performance

AZITULTIMA

7 days+0.72%-6.81%AZIT
30 days+24.40%-41.19%AZIT

Correlation

-0.46over 21 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	AZIT	ULTIMA
Max drawdown (400d)	-43.2%	-51.6%
Risk-adjusted return (90d)	0.08	-0.96

Relative strength over 90 days: AZIT outperformed ULTIMA by 64.5% — measured on the AZIT/ULTIMA ratio, so it holds regardless of market direction.

azit →Ultima →