Scandic Coin vs Ultima

Ultima (ULTIMA) is 23.9× the size of Scandic Coin (SNC) by market capitalisation. Over the past 30 days, SNC is ahead by 37.1 percentage points (SNC -4.1% against ULTIMA -41.2%). Their daily returns move loosely together (correlation 0.52 across 23 shared trading days). ULTIMA has been the more volatile of the two, at 52% annualised against SNC's 11%.

Correlation: 0.52
Size ratio: 1 : 23.9
Ahead over 30 days: SNC

Scandic CoinSNC

$0.033223

24h: —
Market cap: $4.15M
Volume 24h: $175
Volatility (ann.): 11%

UltimaULTIMA

$1,171.45

24h: +1.20%
Market cap: $99.23M
Volume 24h: $5.34M
Volatility (ann.): 52%

SNC 4.0%Share of the two combined market caps96.0% ULTIMA

Performance

SNCULTIMA

7 days-1.78%-6.81%SNC
30 days-4.12%-41.19%SNC

Correlation

0.52over 23 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	SNC	ULTIMA
Max drawdown (400d)	-5.8%	-51.6%
Risk-adjusted return (90d)	-0.37	-0.96

Relative strength over 90 days: SNC outperformed ULTIMA by 21.8% — measured on the SNC/ULTIMA ratio, so it holds regardless of market direction.

Scandic Coin →Ultima →