Canopy Finance vs Rain

Rain (RAIN) is 64335.2× the size of Canopy Finance (CNPY) by market capitalisation. Over the past 30 days, RAIN is ahead by 38.1 percentage points (CNPY -96.4% against RAIN -58.2%). Their daily returns move loosely together (correlation 0.54 across 28 shared trading days). CNPY has been the more volatile of the two, at 560% annualised against RAIN's 134%.

Correlation: 0.54
Size ratio: 1 : 64335.2
Ahead over 30 days: RAIN

Canopy FinanceCNPY

$9.605e-5

24h: -3.22%
Market cap: $67,008
Volume 24h: $2,033
Volatility (ann.): 560%

RainRAIN

$0.006034

24h: -3.76%
Market cap: $4.31B
Volume 24h: $13.33M
Volatility (ann.): 134%

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

Performance

CNPYRAIN

7 days-12.50%-8.29%RAIN
30 days-96.36%-58.25%RAIN

Correlation

0.54over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5490d: 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	CNPY	RAIN
Max drawdown (400d)	-97.0%	-68.5%
Risk-adjusted return (90d)	-0.17	-0.37

Relative strength over 90 days: RAIN outperformed CNPY by 88.3% — measured on the CNPY/RAIN ratio, so it holds regardless of market direction.

Canopy Finance →Rain →