ZoidPay vs Ultima

Ultima (ULTIMA) is 21.5× the size of ZoidPay (ZPAY) by market capitalisation. Over the past 30 days, ZPAY is ahead by 43.7 percentage points (ZPAY +2.5% against ULTIMA -41.2%). Their daily returns move barely together (correlation 0.13 across 23 shared trading days). ZPAY has been the more volatile of the two, at 124% annualised against ULTIMA's 52%.

Correlation: 0.13
Size ratio: 1 : 21.5
Ahead over 30 days: ZPAY

ZoidPayZPAY

$0.007493

24h: -4.90%
Market cap: $4.61M
Volume 24h: $10,916
Volatility (ann.): 124%

UltimaULTIMA

$1,170.54

24h: +1.34%
Market cap: $99.16M
Volume 24h: $5.33M
Volatility (ann.): 52%

ZPAY 4.4%Share of the two combined market caps95.6% ULTIMA

Performance

ZPAYULTIMA

7 days-20.83%-6.81%ULTIMA
30 days+2.50%-41.19%ZPAY

Correlation

0.13over 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	ZPAY	ULTIMA
Max drawdown (400d)	-33.2%	-51.6%
Risk-adjusted return (90d)	0.02	-0.96

Relative strength over 90 days: ZPAY outperformed ULTIMA by 30.2% — measured on the ZPAY/ULTIMA ratio, so it holds regardless of market direction.

ZoidPay →Ultima →