HILO vs Rain

Rain (RAIN) is 8431.4× the size of HILO (HILO) by market capitalisation. Over the past 30 days, HILO is ahead by 27.6 percentage points (HILO -30.6% against RAIN -58.2%). Their daily returns move barely together (correlation 0.16 across 22 shared trading days). RAIN has been the more volatile of the two, at 134% annualised against HILO's 83%.

Correlation: 0.16
Size ratio: 1 : 8431.4
Ahead over 30 days: HILO

HILOHILO

$0.004243

24h: —
Market cap: $510,775
Volume 24h: $940
Volatility (ann.): 83%

RainRAIN

$0.006028

24h: -6.29%
Market cap: $4.31B
Volume 24h: $13.29M
Volatility (ann.): 134%

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

Performance

HILORAIN

7 days+5.24%-8.29%HILO
30 days-30.64%-58.25%HILO

Correlation

0.16over 22 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	HILO	RAIN
Max drawdown (400d)	-39.7%	-68.5%
Risk-adjusted return (90d)	-0.39	-0.37

Relative strength over 90 days: HILO outperformed RAIN by 23.9% — measured on the HILO/RAIN ratio, so it holds regardless of market direction.

HILO →Rain →