RYFT vs Unibase

Unibase (UB) is 2012.4× the size of RYFT (RYFT) by market capitalisation. Over the past 30 days, UB is ahead by 25.8 percentage points (RYFT -42.7% against UB -16.8%). Their daily returns move barely in opposite directions (correlation -0.11 across 22 shared trading days). RYFT has been the more volatile of the two, at 300% annualised against UB's 101%.

Correlation: -0.11
Size ratio: 1 : 2012.4
Ahead over 30 days: UB

RYFTRYFT

$0.001040

24h: +6.99%
Market cap: $130,895
Volume 24h: $169
Volatility (ann.): 300%

UnibaseUB

$0.105409

24h: -2.77%
Market cap: $263.42M
Volume 24h: $10.73M
Volatility (ann.): 101%

RYFT 0.0%Share of the two combined market caps100.0% UB

Performance

RYFTUB

7 days-8.87%-7.80%UB
30 days-42.69%-16.85%UB

Correlation

-0.11over 22 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	RYFT	UB
Max drawdown (400d)	-48.7%	-31.0%
Risk-adjusted return (90d)	-0.09	-0.05

Relative strength over 90 days: RYFT outperformed UB by 21.3% — measured on the RYFT/UB ratio, so it holds regardless of market direction.

RYFT →Unibase →