Surf Lending vs Rain

Rain (RAIN) is 3263.3× the size of Surf Lending (SURF) by market capitalisation. Over the past 30 days, SURF is ahead by 58.5 percentage points (SURF +0.3% against RAIN -58.2%). Their daily returns move barely in opposite directions (correlation -0.00 across 20 shared trading days). Both have run at a similar volatility, around 139% annualised.

Correlation: -0.00
Size ratio: 1 : 3263.3
Ahead over 30 days: SURF

Surf LendingSURF

$0.064307

24h: -1.04%
Market cap: $1.29M
Volume 24h: $1,491
Volatility (ann.): 144%

RainRAIN

$0.005876

24h: -6.69%
Market cap: $4.20B
Volume 24h: $12.93M
Volatility (ann.): 134%

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

Performance

SURFRAIN

7 days-2.36%-8.29%SURF
30 days+0.26%-58.25%SURF

Correlation

-0.00over 20 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	SURF	RAIN
Max drawdown (400d)	-24.3%	-68.5%
Risk-adjusted return (90d)	0.00	-0.37

Relative strength over 90 days: SURF outperformed RAIN by 38.9% — measured on the SURF/RAIN ratio, so it holds regardless of market direction.

Surf Lending →Rain →