Blockasset vs Rain

Rain (RAIN) is 15016.0× the size of Blockasset (BLOCK) by market capitalisation. Over the past 30 days, BLOCK is ahead by 51.8 percentage points (BLOCK -9.2% against RAIN -61.0%). Their daily returns move barely together (correlation 0.10 across 24 shared trading days). RAIN has been the more volatile of the two, at 135% annualised against BLOCK's 30%.

Correlation: 0.10
Size ratio: 1 : 15016.0
Ahead over 30 days: BLOCK

BlockassetBLOCK

$0.000925

24h: -0.50%
Market cap: $288,370
Volume 24h: $173
Volatility (ann.): 30%

RainRAIN

$0.006061

24h: -2.26%
Market cap: $4.33B
Volume 24h: $13.58M
Volatility (ann.): 135%

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

Performance

BLOCKRAIN

7 days-4.19%-11.68%BLOCK
30 days-9.18%-60.96%BLOCK

Correlation

0.10over 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	BLOCK	RAIN
Max drawdown (400d)	-11.3%	-69.3%
Risk-adjusted return (90d)	-0.30	-0.40

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

Blockasset →Rain →