Ultima vs Stable

Stable (STABLE) is 4.8× the size of Ultima (ULTIMA) by market capitalisation. Over the past 30 days, STABLE is ahead by 38.9 percentage points (ULTIMA -41.3% against STABLE -2.5%). Their daily returns move barely together (correlation 0.12 across 57 shared trading days). STABLE has been the more volatile of the two, at 81% annualised against ULTIMA's 52%.

Correlation: 0.12
Size ratio: 1 : 4.8
Ahead over 30 days: STABLE

UltimaULTIMA

$1,174.56

24h: +0.14%
Market cap: $99.50M
Volume 24h: $5.97M
Volatility (ann.): 52%

StableSTABLE

$0.026482

24h: -3.69%
Market cap: $476.64M
Volume 24h: $10.20M
Volatility (ann.): 81%

ULTIMA 17.3%Share of the two combined market caps82.7% STABLE

Performance

ULTIMASTABLE

7 days-8.57%-0.09%STABLE
30 days-41.32%-2.46%STABLE

Correlation

0.12over 57 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3590d: 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	ULTIMA	STABLE
Max drawdown (400d)	-51.6%	-25.6%
Risk-adjusted return (90d)	-0.95	-0.11

Relative strength over 90 days: STABLE outperformed ULTIMA by 42.5% — measured on the ULTIMA/STABLE ratio, so it holds regardless of market direction.

Ultima →Stable →