Fletch Finance vs Rain

Rain (RAIN) is 255748.5× the size of Fletch Finance (FLETCH) by market capitalisation. Over the past 30 days, FLETCH is ahead by 18.0 percentage points (FLETCH -38.6% against RAIN -56.5%). Their daily returns move loosely in opposite directions (correlation -0.38 across 25 shared trading days). RAIN has been the more volatile of the two, at 134% annualised against FLETCH's 59%.

Correlation: -0.38
Size ratio: 1 : 255748.5
Ahead over 30 days: FLETCH

Fletch FinanceFLETCH

$1.717e-5

24h: -7.36%
Market cap: $17,170
Volume 24h: $52
Volatility (ann.): 59%

RainRAIN

$0.006147

24h: +2.60%
Market cap: $4.39B
Volume 24h: $8.09M
Volatility (ann.): 134%

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

Performance

FLETCHRAIN

7 days-12.99%-7.92%RAIN
30 days-38.57%-56.54%FLETCH

Correlation

-0.38over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.3890d: 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	FLETCH	RAIN
Max drawdown (400d)	-43.9%	-69.3%
Risk-adjusted return (90d)	-0.74	-0.39

Relative strength over 90 days: FLETCH outperformed RAIN by 14.8% — measured on the FLETCH/RAIN ratio, so it holds regardless of market direction.

Fletch Finance →Rain →