Zedkr vs Ultima

Ultima (ULTIMA) is 1682.0× the size of Zedkr (ZED) by market capitalisation. Over the past 30 days, ZED is ahead by 87.7 percentage points (ZED +46.4% against ULTIMA -41.3%). Their daily returns move barely in opposite directions (correlation -0.19 across 23 shared trading days). ZED has been the more volatile of the two, at 685% annualised against ULTIMA's 52%.

Correlation: -0.19
Size ratio: 1 : 1682.0
Ahead over 30 days: ZED

ZedkrZED

$6.003e-5

24h: +30.62%
Market cap: $59,388
Volume 24h: $3,482
Volatility (ann.): 685%

UltimaULTIMA

$1,179.2

24h: +1.00%
Market cap: $99.89M
Volume 24h: $5.22M
Volatility (ann.): 52%

ZED 0.1%Share of the two combined market caps99.9% ULTIMA

Performance

ZEDULTIMA

7 days+192.09%-8.57%ZED
30 days+46.41%-41.32%ZED

Correlation

-0.19over 23 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	ZED	ULTIMA
Max drawdown (400d)	-70.1%	-51.6%
Risk-adjusted return (90d)	0.16	-0.95

Relative strength over 90 days: ZED outperformed ULTIMA by 176.3% — measured on the ZED/ULTIMA ratio, so it holds regardless of market direction.

Zedkr →Ultima →