Rain (RAIN) is 2087.6× the size of LYNK (LYNK) by market capitalisation. Over the past 30 days, LYNK is ahead by 28.1 percentage points (LYNK -32.9% against RAIN -61.0%). Their daily returns move loosely together (correlation 0.51 across 31 shared trading days). Both have run at a similar volatility, around 128% annualised.
LYNKRAIN
0.51over 31 shared trading days
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.
| Metric | LYNK | RAIN |
|---|---|---|
| Max drawdown (400d) | -43.1% | -69.3% |
| Risk-adjusted return (90d) | -0.31 | -0.40 |
Relative strength over 90 days: LYNK outperformed RAIN by 79.5% — measured on the LYNK/RAIN ratio, so it holds regardless of market direction.