SPARK vs Unibase

Unibase (UB) is 163.1× the size of SPARK (SPARK) by market capitalisation. Over the past 30 days, SPARK is ahead by 65.1 percentage points (SPARK +53.2% against UB -11.9%). Their daily returns move loosely together (correlation 0.41 across 21 shared trading days). SPARK has been the more volatile of the two, at 220% annualised against UB's 101%.

Correlation: 0.41
Size ratio: 1 : 163.1
Ahead over 30 days: SPARK

SPARKSPARK

$0.001637

24h: -2.95%
Market cap: $1.64M
Volume 24h: $4,097
Volatility (ann.): 220%

UnibaseUB

$0.106824

24h: -1.50%
Market cap: $267.06M
Volume 24h: $8.45M
Volatility (ann.): 101%

SPARK 0.6%Share of the two combined market caps99.4% UB

Performance

SPARKUB

7 days+12.03%-12.37%SPARK
30 days+53.25%-11.87%SPARK

Correlation

0.41over 21 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	SPARK	UB
Max drawdown (400d)	-39.2%	-31.0%
Risk-adjusted return (90d)	0.24	-0.09

Relative strength over 90 days: SPARK outperformed UB by 38.3% — measured on the SPARK/UB ratio, so it holds regardless of market direction.

SPARK →Unibase →