Kleros vs Rain

Rain (RAIN) is 582.6× the size of Kleros (PNK) by market capitalisation. Over the past 30 days, PNK is ahead by 56.9 percentage points (PNK -1.4% against RAIN -58.2%). Their daily returns move barely in opposite directions (correlation -0.08 across 30 shared trading days). RAIN has been the more volatile of the two, at 134% annualised against PNK's 17%.

Correlation: -0.08
Size ratio: 1 : 582.6
Ahead over 30 days: PNK

KlerosPNK

$0.008196

24h: +0.34%
Market cap: $7.50M
Volume 24h: $64,238
Volatility (ann.): 17%

RainRAIN

$0.006120

24h: -0.06%
Market cap: $4.37B
Volume 24h: $14.64M
Volatility (ann.): 134%

PNK 0.2%Share of the two combined market caps99.8% RAIN

Performance

PNKRAIN

7 days+0.11%-8.29%PNK
30 days-1.36%-58.25%PNK

Correlation

-0.08over 30 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0890d: 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	PNK	RAIN
Max drawdown (400d)	-2.9%	-68.5%
Risk-adjusted return (90d)	-0.03	-0.37

Relative strength over 90 days: PNK outperformed RAIN by 157.5% — measured on the PNK/RAIN ratio, so it holds regardless of market direction.

Kleros →Rain →