Daemon vs Unibase

Unibase (UB) is 46635.4× the size of Daemon (DAEMON) by market capitalisation. Over the past 30 days, UB is ahead by 27.6 percentage points (DAEMON -44.4% against UB -16.8%). Their daily returns move barely in opposite directions (correlation -0.12 across 23 shared trading days). DAEMON has been the more volatile of the two, at 32720% annualised against UB's 101%.

Correlation: -0.12
Size ratio: 1 : 46635.4
Ahead over 30 days: UB

DaemonDAEMON

$5.830e-6

24h: —
Market cap: $5,828
Volume 24h: —
Volatility (ann.): 32720%

UnibaseUB

$0.108715

24h: +1.32%
Market cap: $271.79M
Volume 24h: $9.23M
Volatility (ann.): 101%

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

Performance

DAEMONUB

7 days-54.31%-7.80%UB
30 days-44.44%-16.85%UB

Correlation

-0.12over 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	DAEMON	UB
Max drawdown (400d)	-99.4%	-31.0%
Risk-adjusted return (90d)	0.00	-0.05

Relative strength over 90 days: UB outperformed DAEMON by 26.4% — measured on the DAEMON/UB ratio, so it holds regardless of market direction.

Daemon →Unibase →