MCOIN vs Ultima

Ultima (ULTIMA) is 18.5× the size of MCOIN (MCOIN) by market capitalisation. Over the past 30 days, MCOIN is ahead by 14.7 percentage points (MCOIN -26.5% against ULTIMA -41.2%). Their daily returns move barely in opposite directions (correlation -0.07 across 23 shared trading days). MCOIN has been the more volatile of the two, at 74% annualised against ULTIMA's 52%.

Correlation: -0.07
Size ratio: 1 : 18.5
Ahead over 30 days: MCOIN

MCOINMCOIN

$0.030882

24h: +0.02%
Market cap: $5.47M
Volume 24h: $77,925
Volatility (ann.): 74%

UltimaULTIMA

$1,192.05

24h: +3.03%
Market cap: $100.98M
Volume 24h: $5.50M
Volatility (ann.): 52%

MCOIN 5.1%Share of the two combined market caps94.9% ULTIMA

Performance

MCOINULTIMA

7 days-4.15%-6.81%MCOIN
30 days-26.45%-41.19%MCOIN

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	MCOIN	ULTIMA
Max drawdown (400d)	-30.9%	-51.6%
Risk-adjusted return (90d)	-0.36	-0.96

Relative strength over 90 days: ULTIMA outperformed MCOIN by 6.6% — measured on the MCOIN/ULTIMA ratio, so it holds regardless of market direction.

MCOIN →Ultima →