Pluton vs Ultima

Ultima (ULTIMA) is 53.3× the size of Pluton (PLU) by market capitalisation. Over the past 30 days, PLU is ahead by 38.0 percentage points (PLU -3.2% against ULTIMA -41.2%). Their daily returns move barely together (correlation 0.35 across 30 shared trading days). PLU has been the more volatile of the two, at 110% annualised against ULTIMA's 52%.

Correlation: 0.35
Size ratio: 1 : 53.3
Ahead over 30 days: PLU

PlutonPLU

$0.132948

24h: +4.59%
Market cap: $1.86M
Volume 24h: $23,323
Volatility (ann.): 110%

UltimaULTIMA

$1,170.54

24h: +1.34%
Market cap: $99.16M
Volume 24h: $5.33M
Volatility (ann.): 52%

PLU 1.8%Share of the two combined market caps98.2% ULTIMA

Performance

PLUULTIMA

7 days-7.76%-6.81%ULTIMA
30 days-3.17%-41.19%PLU

Correlation

0.35over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3590d: 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	PLU	ULTIMA
Max drawdown (400d)	-27.0%	-51.6%
Risk-adjusted return (90d)	-0.04	-0.96

Relative strength over 90 days: PLU outperformed ULTIMA by 88.8% — measured on the PLU/ULTIMA ratio, so it holds regardless of market direction.

Pluton →Ultima →