Unido vs Ultima

Ultima (ULTIMA) is 12311.7× the size of Unido (UDO) by market capitalisation. Over the past 30 days, UDO is ahead by 36.1 percentage points (UDO -5.2% against ULTIMA -41.3%). Their daily returns move loosely together (correlation 0.37 across 22 shared trading days). ULTIMA has been the more volatile of the two, at 52% annualised against UDO's 37%.

Correlation: 0.37
Size ratio: 1 : 12311.7
Ahead over 30 days: UDO

UnidoUDO

$0.000105

24h: +2.89%
Market cap: $8,112
Volume 24h: $59
Volatility (ann.): 37%

UltimaULTIMA

$1,178.98

24h: +1.37%
Market cap: $99.87M
Volume 24h: $5.15M
Volatility (ann.): 52%

UDO 0.0%Share of the two combined market caps100.0% ULTIMA

Performance

UDOULTIMA

7 days+0.28%-8.57%UDO
30 days-5.17%-41.32%UDO

Correlation

0.37over 22 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	UDO	ULTIMA
Max drawdown (400d)	-11.7%	-51.6%
Risk-adjusted return (90d)	-0.14	-0.95

Relative strength over 90 days: UDO outperformed ULTIMA by 34.5% — measured on the UDO/ULTIMA ratio, so it holds regardless of market direction.

Unido →Ultima →