Unibase (UB) is 1324.1× the size of ORA Coin (ORA) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.26 across 29 shared trading days). ORA has been the more volatile of the two, at 1026% annualised against UB's 101%.
ORAUB
-0.26over 29 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 | ORA | UB |
|---|---|---|
| Max drawdown (400d) | -97.2% | -31.0% |
| Risk-adjusted return (90d) | -0.07 | -0.09 |
Relative strength over 90 days: UB outperformed ORA by 89.3% — measured on the ORA/UB ratio, so it holds regardless of market direction.