Elympics vs Unipoly

Unipoly (UNP) is 87.4× the size of Elympics (ELP) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.04 across 38 shared trading days). ELP has been the more volatile of the two, at 595456% annualised against UNP's 175%.

Correlation: -0.04
Size ratio: 1 : 87.4

ElympicsELP

$0.000373

24h: -0.03%
Market cap: $600,039
Volume 24h: $9,280
Volatility (ann.): 595456%

UnipolyUNP

$0.187816

24h: +0.04%
Market cap: $52.44M
Volume 24h: $44,709
Volatility (ann.): 175%

ELP 1.1%Share of the two combined market caps98.9% UNP

Performance

ELPUNP

7 days+322480.65%-18.20%ELP
30 days+322480.65%+33.59%ELP
90 days+410858.90%——

Correlation

-0.04over 38 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0590d: 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	ELP	UNP
Max drawdown (400d)	-16.9%	-26.8%
Risk-adjusted return (90d)	0.65	0.44

Relative strength over 90 days: ELP outperformed UNP by 183810.9% — measured on the ELP/UNP ratio, so it holds regardless of market direction.

Elympics →Unipoly →