Unibase (UB) is 4364.8× the size of Gitbank (GITBANK) by market capitalisation. Over the past 30 days, UB is ahead by 7.7 percentage points (GITBANK -24.6% against UB -16.8%). Their daily returns move closely together (correlation 0.60 across 27 shared trading days). Both have run at a similar volatility, around 96% annualised.
GITBANKUB
0.60over 27 shared trading days
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.
| Metric | GITBANK | UB |
|---|---|---|
| Max drawdown (400d) | -35.3% | -31.0% |
| Risk-adjusted return (90d) | -0.30 | -0.05 |
Relative strength over 90 days: UB outperformed GITBANK by 22.1% — measured on the GITBANK/UB ratio, so it holds regardless of market direction.