REFRVSULBI• 12 Months (Normalized)

REFR vs ULBI (Research Frontiers Incorporated vs Ultralife Corporation)

Showing Closing Date Range from Oct 1, 2025 to Oct 1, 2026.

Normalized cumulative comparison anchored at 0.00% baseline to illustrate pure alpha, return divergence, and market momentum.

REFR Performance $0.74
+%
Research Frontiers Incorporated
Normalized Baseline0.00%
ULBI Performance $6.46
-5.56%
Ultralife Corporation
Normalized Baseline0.00%
Alpha Spread Margin REFR LEADS
+5.56 pts
REFR outperforming by 5.56 percentage points
REFRULBI
Spread Trajectory12 Months (Normalized)

Cumulative Performance Trajectory

Interactive divergence comparison normalized at 0.00% on start date.

REFR ULBI

Comparative Historical Ledger

Daily closing prices, normalized percentages, and relative spread divergence.

Historical Quotes & Breakdown(249 dates)
DateREFR PriceREFR Gain (%)ULBI PriceULBI Gain (%)Spread
Sep 30, 2026$-$6.46-5.56% -
Sep 25, 2026$-$6.16-9.94% -
Sep 24, 2026$0.74-52.82% $6.05-11.55% -41.27%
Sep 23, 2026$0.71-54.78% $5.90-13.74% -41.04%
Sep 22, 2026$0.78-50.32% $5.70-16.67% -33.65%
Sep 21, 2026$0.76-51.59% $5.64-17.54% -34.05%
Sep 18, 2026$0.65-58.60% $5.65-17.40% -41.20%
Sep 17, 2026$0.39-75.16% $5.58-18.42% -56.74%
Sep 16, 2026$0.38-75.80% $5.45-20.32% -55.48%
Sep 15, 2026$0.36-77.07% $5.44-20.47% -56.60%
Sep 14, 2026$0.38-75.80% $5.56-18.71% -57.09%
Sep 11, 2026$0.39-75.16% $5.60-18.13% -57.03%
Sep 10, 2026$0.39-75.16% $5.65-17.40% -57.76%
Sep 09, 2026$0.39-75.16% $5.63-17.69% -57.47%
Sep 08, 2026$0.39-75.16% $5.94-13.16% -62.00%
Page 1 of 17