It's a mental exercise, I'm following your words and around and that was a hypothesis that hit me spontaneous.
As long as your UoA is dropping 3-4% annually, it's not great. Do we have anything more stable right now on this planet?
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The amount that it drops per year has little to do with the volatility or stability of the asset. If the loss is a gradual 3% grade that slopes down in a straight line that's a perfectly stable outcome as far as UoA is concerned. Whereas if it's up 5% one day and down 10% the next day with an average of 3% down that's a completely different scenario.
If I can pick an asset at random and attach a price to it: like $10 for 5 pounds of apples ($2/pound), and you can tell me if that's a good price or a bad price, then UoA is working. If not then not.
That's a great way to put it.