Longbow vs Rain

Rain (RAIN) is 1095.9× the size of Longbow (BOW) by market capitalisation. Over the past 30 days, BOW is ahead by 17.9 percentage points (BOW -40.3% against RAIN -58.2%). Their daily returns move barely together (correlation 0.07 across 32 shared trading days). BOW has been the more volatile of the two, at 411% annualised against RAIN's 134%.

Correlation: 0.07
Size ratio: 1 : 1095.9
Ahead over 30 days: BOW

LongbowBOW

$0.003830

24h: +7.84%
Market cap: $3.83M
Volume 24h: $108,617
Volatility (ann.): 411%

RainRAIN

$0.005876

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

BOW 0.1%Share of the two combined market caps99.9% RAIN

Performance

BOWRAIN

7 days-15.70%-8.29%RAIN
30 days-40.30%-58.25%BOW

Correlation

0.07over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0790d: 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	BOW	RAIN
Max drawdown (400d)	-67.7%	-68.5%
Risk-adjusted return (90d)	-0.01	-0.37

Relative strength over 90 days: BOW outperformed RAIN by 161.6% — measured on the BOW/RAIN ratio, so it holds regardless of market direction.

Longbow →Rain →