ParallelAI vs Unibase

Unibase (UB) is 1369.0× the size of ParallelAI (PAI) by market capitalisation. Over the past 30 days, PAI is ahead by 7.8 percentage points (PAI -9.0% against UB -16.8%). Their daily returns move barely together (correlation 0.12 across 24 shared trading days). UB has been the more volatile of the two, at 101% annualised against PAI's 73%.

Correlation: 0.12
Size ratio: 1 : 1369.0
Ahead over 30 days: PAI

ParallelAIPAI

$0.002029

24h: +7.21%
Market cap: $202,849
Volume 24h: $206
Volatility (ann.): 73%

UnibaseUB

$0.111084

24h: +5.43%
Market cap: $277.71M
Volume 24h: $9.39M
Volatility (ann.): 101%

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

Performance

PAIUB

7 days+17.70%-7.80%PAI
30 days-9.02%-16.85%PAI

Correlation

0.12over 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	PAI	UB
Max drawdown (400d)	-30.9%	-31.0%
Risk-adjusted return (90d)	-0.22	-0.05

Relative strength over 90 days: PAI outperformed UB by 13.6% — measured on the PAI/UB ratio, so it holds regardless of market direction.

ParallelAI →Unibase →