CIPHER vs Rain

Rain (RAIN) is 50254.0× the size of CIPHER (CPR) by market capitalisation. Over the past 30 days, CPR is ahead by 39.1 percentage points (CPR -21.8% 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 CPR's 109%.

Correlation: -0.23
Size ratio: 1 : 50254.0
Ahead over 30 days: CPR

CIPHERCPR

$9.070e-6

24h: +3.93%
Market cap: $88,119
Volume 24h: $93
Volatility (ann.): 109%

RainRAIN

$0.006213

24h: -0.25%
Market cap: $4.43B
Volume 24h: $14.26M
Volatility (ann.): 135%

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

Performance

CPRRAIN

7 days-0.86%-11.68%CPR
30 days-21.83%-60.96%CPR

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	CPR	RAIN
Max drawdown (400d)	-29.1%	-69.3%
Risk-adjusted return (90d)	-0.21	-0.40

Relative strength over 90 days: CPR outperformed RAIN by 31.3% — measured on the CPR/RAIN ratio, so it holds regardless of market direction.

CIPHER →Rain →