Able Finance (ABLE) and Rain (RAIN) compared side by side. Over the past 30 days, ABLE is ahead by 50.6 percentage points (ABLE -10.4% against RAIN -61.0%). Their daily returns move barely in opposite directions (correlation -0.25 across 21 shared trading days). RAIN has been the more volatile of the two, at 135% annualised against ABLE's 46%.
ABLERAIN
-0.25over 21 shared trading days
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.
| Metric | ABLE | RAIN |
|---|---|---|
| Max drawdown (400d) | -11.8% | -69.3% |
| Risk-adjusted return (90d) | -0.23 | -0.40 |
Relative strength over 90 days: ABLE outperformed RAIN by 53.1% — measured on the ABLE/RAIN ratio, so it holds regardless of market direction.