Chainspin vs Rain

Rain (RAIN) is 326925.1× the size of Chainspin (SPIN) by market capitalisation. Over the past 30 days, SPIN is ahead by 49.7 percentage points (SPIN -11.3% against RAIN -61.0%). 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 135% annualised against SPIN's 63%.

Correlation: -0.23
Size ratio: 1 : 326925.1
Ahead over 30 days: SPIN

ChainspinSPIN

$2.024e-5

24h: —
Market cap: $13,450
Volume 24h: $20
Volatility (ann.): 63%

RainRAIN

$0.006155

24h: -2.49%
Market cap: $4.40B
Volume 24h: $13.92M
Volatility (ann.): 135%

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

Performance

SPINRAIN

7 days+5.63%-11.68%SPIN
30 days-11.29%-60.96%SPIN

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	SPIN	RAIN
Max drawdown (400d)	-24.6%	-69.3%
Risk-adjusted return (90d)	-0.28	-0.40

Relative strength over 90 days: SPIN outperformed RAIN by 56.4% — measured on the SPIN/RAIN ratio, so it holds regardless of market direction.

Chainspin →Rain →