Hedgehood vs Rain

Rain (RAIN) is 5974.7× the size of Hedgehood (HEDGE) by market capitalisation. Over the past 30 days, HEDGE is ahead by 77.9 percentage points (HEDGE +16.9% against RAIN -61.0%). Their daily returns move barely in opposite directions (correlation -0.03 across 24 shared trading days). HEDGE has been the more volatile of the two, at 421% annualised against RAIN's 135%.

Correlation: -0.03
Size ratio: 1 : 5974.7
Ahead over 30 days: HEDGE

HedgehoodHEDGE

$0.000758

24h: +2.87%
Market cap: $714,036
Volume 24h: $82,590
Volatility (ann.): 421%

RainRAIN

$0.005972

24h: -9.45%
Market cap: $4.27B
Volume 24h: $14.47M
Volatility (ann.): 135%

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

Performance

HEDGERAIN

7 days+10.84%-11.68%HEDGE
30 days+16.92%-60.96%HEDGE

Correlation

-0.03over 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	HEDGE	RAIN
Max drawdown (400d)	-48.3%	-69.3%
Risk-adjusted return (90d)	0.01	-0.40

Relative strength over 90 days: HEDGE outperformed RAIN by 92.0% — measured on the HEDGE/RAIN ratio, so it holds regardless of market direction.

Hedgehood →Rain →