ASX Capital vs Rain

Rain (RAIN) is 7984.9× the size of ASX Capital (ASX) by market capitalisation. Over the past 30 days, ASX is ahead by 46.2 percentage points (ASX -12.0% against RAIN -58.2%). Their daily returns move barely in opposite directions (correlation -0.23 across 23 shared trading days). RAIN has been the more volatile of the two, at 134% annualised against ASX's 39%.

Correlation: -0.23
Size ratio: 1 : 7984.9
Ahead over 30 days: ASX

ASX CapitalASX

$0.065777

24h: +0.29%
Market cap: $538,558
Volume 24h: $239
Volatility (ann.): 39%

RainRAIN

$0.006019

24h: -4.99%
Market cap: $4.30B
Volume 24h: $12.57M
Volatility (ann.): 134%

ASX 0.0%Share of the two combined market caps100.0% RAIN

Performance

ASXRAIN

7 days-9.42%-8.29%RAIN
30 days-12.01%-58.25%ASX

Correlation

-0.23over 23 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	ASX	RAIN
Max drawdown (400d)	-14.8%	-68.5%
Risk-adjusted return (90d)	-0.31	-0.37

Relative strength over 90 days: ASX outperformed RAIN by 32.0% — measured on the ASX/RAIN ratio, so it holds regardless of market direction.

ASX Capital →Rain →