Anvil vs Rain

Rain (RAIN) is 24.9× the size of Anvil (ANVL) by market capitalisation. Over the past 30 days, ANVL is ahead by 240.4 percentage points (ANVL +182.2% against RAIN -58.2%). Their daily returns move loosely in opposite directions (correlation -0.48 across 52 shared trading days). ANVL has been the more volatile of the two, at 243% annualised against RAIN's 134%.

Correlation: -0.48
Size ratio: 1 : 24.9
Ahead over 30 days: ANVL

AnvilANVL

$0.001961

24h: -1.17%
Market cap: $172.68M
Volume 24h: $33,724
Volatility (ann.): 243%

RainRAIN

$0.006028

24h: -6.29%
Market cap: $4.31B
Volume 24h: $13.29M
Volatility (ann.): 134%

ANVL 3.9%Share of the two combined market caps96.1% RAIN

Performance

ANVLRAIN

7 days+10.64%-8.29%ANVL
30 days+182.19%-58.25%ANVL

Correlation

-0.48over 52 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.5090d: 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	ANVL	RAIN
Max drawdown (400d)	-28.9%	-68.5%
Risk-adjusted return (90d)	0.46	-0.37

Relative strength over 90 days: ANVL outperformed RAIN by 344.9% — measured on the ANVL/RAIN ratio, so it holds regardless of market direction.

Anvil →Rain →