Nave Shares vs Unibase

Unibase (UB) is 2205.7× the size of Nave Shares (NAVE) by market capitalisation. Over the past 30 days, UB is ahead by 7.0 percentage points (NAVE -28.7% against UB -21.7%). Their daily returns move barely in opposite directions (correlation -0.12 across 25 shared trading days). NAVE has been the more volatile of the two, at 319% annualised against UB's 101%.

Correlation: -0.12
Size ratio: 1 : 2205.7
Ahead over 30 days: UB

Nave SharesNAVE

$0.244840

24h: +36.78%
Market cap: $122,346
Volume 24h: $7,772
Volatility (ann.): 319%

UnibaseUB

$0.107944

24h: -4.84%
Market cap: $269.86M
Volume 24h: $10.94M
Volatility (ann.): 101%

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

Performance

NAVEUB

7 days-29.62%-2.10%UB
30 days-28.67%-21.72%UB

Correlation

-0.12over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1290d: 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	NAVE	UB
Max drawdown (400d)	-49.7%	-31.8%
Risk-adjusted return (90d)	-0.13	-0.10

Relative strength over 90 days: UB outperformed NAVE by 27.3% — measured on the NAVE/UB ratio, so it holds regardless of market direction.

Nave Shares →Unibase →