Surge vs uTrade

uTrade (UTT) is 8.2× the size of Surge (SURGE) by market capitalisation. Over the past 30 days, UTT is ahead by 126.4 percentage points (SURGE -66.3% against UTT +60.2%). Their daily returns move barely together (correlation 0.02 across 28 shared trading days). UTT has been the more volatile of the two, at 158% annualised against SURGE's 121%.

Correlation: 0.02
Size ratio: 1 : 8.2
Ahead over 30 days: UTT

SurgeSURGE

$0.006620

24h: +1.04%
Market cap: $165,506
Volume 24h: $37
Volatility (ann.): 121%

uTradeUTT

$0.308305

24h: +0.02%
Market cap: $1.36M
Volume 24h: $219,880
Volatility (ann.): 158%

SURGE 10.8%Share of the two combined market caps89.2% UTT

Performance

SURGEUTT

7 days-18.20%+31.69%UTT
30 days-66.28%+60.17%UTT

Correlation

0.02over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0290d: 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	SURGE	UTT
Max drawdown (400d)	-66.8%	-16.5%
Risk-adjusted return (90d)	-0.55	0.38

Relative strength over 90 days: UTT outperformed SURGE by 78.7% — measured on the SURGE/UTT ratio, so it holds regardless of market direction.

Surge →uTrade →