OpenX Network vs Unibase

Unibase (UB) is 1615.6× the size of OpenX Network (OPENX) by market capitalisation. Over the past 30 days, UB is ahead by 35.7 percentage points (OPENX -52.5% against UB -16.8%). Their daily returns move barely in opposite directions (correlation -0.06 across 24 shared trading days). OPENX has been the more volatile of the two, at 258% annualised against UB's 101%.

Correlation: -0.06
Size ratio: 1 : 1615.6
Ahead over 30 days: UB

OpenX NetworkOPENX

$0.006926

24h: +36.32%
Market cap: $166,933
Volume 24h: $1,911
Volatility (ann.): 258%

UnibaseUB

$0.107881

24h: +1.27%
Market cap: $269.70M
Volume 24h: $9.22M
Volatility (ann.): 101%

OPENX 0.1%Share of the two combined market caps99.9% UB

Performance

OPENXUB

7 days+6.09%-7.80%OPENX
30 days-52.50%-16.85%UB

Correlation

-0.06over 24 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	OPENX	UB
Max drawdown (400d)	-66.0%	-31.0%
Risk-adjusted return (90d)	-0.12	-0.05

Relative strength over 90 days: UB outperformed OPENX by 15.2% — measured on the OPENX/UB ratio, so it holds regardless of market direction.

OpenX Network →Unibase →