Cod3x vs Unibase

Unibase (UB) is 2250.9× the size of Cod3x (CDX) by market capitalisation. Over the past 30 days, UB is ahead by 47.2 percentage points (CDX -59.1% against UB -11.9%). Their daily returns move barely in opposite directions (correlation -0.07 across 23 shared trading days). CDX has been the more volatile of the two, at 216% annualised against UB's 101%.

Correlation: -0.07
Size ratio: 1 : 2250.9
Ahead over 30 days: UB

Cod3xCDX

$0.002423

24h: +0.48%
Market cap: $118,647
Volume 24h: $17
Volatility (ann.): 216%

UnibaseUB

$0.106824

24h: -1.50%
Market cap: $267.06M
Volume 24h: $8.45M
Volatility (ann.): 101%

CDX 0.0%Share of the two combined market caps100.0% UB

Performance

CDXUB

7 days-51.73%-12.37%UB
30 days-59.09%-11.87%UB

Correlation

-0.07over 23 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	CDX	UB
Max drawdown (400d)	-69.6%	-31.0%
Risk-adjusted return (90d)	-0.30	-0.09

Relative strength over 90 days: UB outperformed CDX by 62.7% — measured on the CDX/UB ratio, so it holds regardless of market direction.

Cod3x →Unibase →