Eggplant Finance vs Rain

Rain (RAIN) is 1661989.5× the size of Eggplant Finance (EGGP) by market capitalisation. Over the past 30 days, EGGP is ahead by 55.1 percentage points (EGGP -5.9% against RAIN -61.0%). Their daily returns move barely in opposite directions (correlation -0.14 across 24 shared trading days). RAIN has been the more volatile of the two, at 135% annualised against EGGP's 29%.

Correlation: -0.14
Size ratio: 1 : 1661989.5
Ahead over 30 days: EGGP

Eggplant FinanceEGGP

$0.005417

24h: +2.52%
Market cap: $2,578
Volume 24h: $57
Volatility (ann.): 29%

RainRAIN

$0.005997

24h: -7.34%
Market cap: $4.28B
Volume 24h: $14.76M
Volatility (ann.): 135%

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

Performance

EGGPRAIN

7 days-2.50%-11.68%EGGP
30 days-5.87%-60.96%EGGP

Correlation

-0.14over 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	EGGP	RAIN
Max drawdown (400d)	-8.7%	-69.3%
Risk-adjusted return (90d)	-0.16	-0.40

Relative strength over 90 days: EGGP outperformed RAIN by 60.9% — measured on the EGGP/RAIN ratio, so it holds regardless of market direction.

Eggplant Finance →Rain →