The Digital Dinar vs Ultima

Ultima (ULTIMA) is 35.2× the size of The Digital Dinar (DINAR) by market capitalisation. Over the past 30 days, ULTIMA is ahead by 48.9 percentage points (DINAR -90.1% against ULTIMA -41.2%). Their daily returns move barely together (correlation 0.07 across 27 shared trading days). DINAR has been the more volatile of the two, at 317% annualised against ULTIMA's 52%.

Correlation: 0.07
Size ratio: 1 : 35.2
Ahead over 30 days: ULTIMA

The Digital DinarDINAR

$0.170386

24h: —
Market cap: $2.80M
Volume 24h: —
Volatility (ann.): 317%

UltimaULTIMA

$1,162.85

24h: +0.65%
Market cap: $98.50M
Volume 24h: $5.73M
Volatility (ann.): 52%

DINAR 2.8%Share of the two combined market caps97.2% ULTIMA

Performance

DINARULTIMA

7 days-91.88%-6.81%ULTIMA
30 days-90.10%-41.19%ULTIMA

Correlation

0.07over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0790d: 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	DINAR	ULTIMA
Max drawdown (400d)	-91.9%	-51.6%
Risk-adjusted return (90d)	-0.29	-0.96

Relative strength over 90 days: ULTIMA outperformed DINAR by 81.3% — measured on the DINAR/ULTIMA ratio, so it holds regardless of market direction.

The Digital Dinar →Ultima →