Rain (RAIN) is 1873.4× the size of Ampleforth (AMPL) by market capitalisation. Over the past 30 days, AMPL is ahead by 43.5 percentage points (AMPL -14.8% against RAIN -58.2%). Their daily returns move barely together (correlation 0.06 across 30 shared trading days). Both have run at a similar volatility, around 143% annualised.
AMPLRAIN
0.06over 30 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 | AMPL | RAIN |
|---|---|---|
| Max drawdown (400d) | -24.2% | -68.5% |
| Risk-adjusted return (90d) | -0.01 | -0.37 |
Relative strength over 90 days: AMPL outperformed RAIN by 159.2% — measured on the AMPL/RAIN ratio, so it holds regardless of market direction.