Baldor vs Rain

Rain (RAIN) is 24189.5× the size of Baldor (BALDOR) by market capitalisation. Over the past 30 days, BALDOR is ahead by 55.6 percentage points (BALDOR -5.4% against RAIN -61.0%). Their daily returns move barely in opposite directions (correlation -0.34 across 24 shared trading days). RAIN has been the more volatile of the two, at 135% annualised against BALDOR's 18%.

Correlation: -0.34
Size ratio: 1 : 24189.5
Ahead over 30 days: BALDOR

BaldorBALDOR

$1.7500

24h: +1.00%
Market cap: $174,917
Volume 24h: $1,239
Volatility (ann.): 18%

RainRAIN

$0.005923

24h: -3.60%
Market cap: $4.23B
Volume 24h: $13.16M
Volatility (ann.): 135%

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

Performance

BALDORRAIN

7 days-3.31%-11.68%BALDOR
30 days-5.41%-60.96%BALDOR

Correlation

-0.34over 24 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	BALDOR	RAIN
Max drawdown (400d)	-5.4%	-69.3%
Risk-adjusted return (90d)	-0.30	-0.40

Relative strength over 90 days: BALDOR outperformed RAIN by 55.7% — measured on the BALDOR/RAIN ratio, so it holds regardless of market direction.

Baldor →Rain →