Populous vs Ultima

Ultima (ULTIMA) is 9.0× the size of Populous (PPT) by market capitalisation. Over the past 30 days, PPT is ahead by 280.7 percentage points (PPT +239.5% against ULTIMA -41.2%). Their daily returns move very closely in opposite directions (correlation -0.88 across 31 shared trading days). PPT has been the more volatile of the two, at 339% annualised against ULTIMA's 52%.

Correlation: -0.88
Size ratio: 1 : 9.0
Ahead over 30 days: PPT

PopulousPPT

$0.210626

24h: -11.54%
Market cap: $11.03M
Volume 24h: $2,097
Volatility (ann.): 339%

UltimaULTIMA

$1,170.54

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

PPT 10.0%Share of the two combined market caps90.0% ULTIMA

Performance

PPTULTIMA

7 days+2.48%-6.81%PPT
30 days+239.50%-41.19%PPT

Correlation

-0.88over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.8890d: 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	PPT	ULTIMA
Max drawdown (400d)	-29.1%	-51.6%
Risk-adjusted return (90d)	0.59	-0.96

Relative strength over 90 days: PPT outperformed ULTIMA by 493.1% — measured on the PPT/ULTIMA ratio, so it holds regardless of market direction.

Populous →Ultima →