Circuits of Value vs Rain

Rain (RAIN) is 98517.1× the size of Circuits of Value (COVAL) by market capitalisation. Over the past 30 days, COVAL is ahead by 38.5 percentage points (COVAL -18.1% against RAIN -56.5%). Their daily returns move barely in opposite directions (correlation -0.06 across 25 shared trading days). Both have run at a similar volatility, around 133% annualised.

Correlation: -0.06
Size ratio: 1 : 98517.1
Ahead over 30 days: COVAL

Circuits of ValueCOVAL

$2.453e-5

24h: —
Market cap: $43,788
Volume 24h: —
Volatility (ann.): 131%

RainRAIN

$0.006037

24h: -1.65%
Market cap: $4.31B
Volume 24h: $12.68M
Volatility (ann.): 134%

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

Performance

COVALRAIN

7 days-12.96%-7.92%RAIN
30 days-18.09%-56.54%COVAL

Correlation

-0.06over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0690d: 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	COVAL	RAIN
Max drawdown (400d)	-26.3%	-69.3%
Risk-adjusted return (90d)	-0.06	-0.39

Relative strength over 90 days: COVAL outperformed RAIN by 40.4% — measured on the COVAL/RAIN ratio, so it holds regardless of market direction.

Circuits of Value →Rain →