Rain (RAIN) is 2561.5× the size of MIZU KAPPA (MIZU) by market capitalisation. Over the past 30 days, MIZU is ahead by 33.6 percentage points (MIZU -24.7% against RAIN -58.2%). Their daily returns move barely together (correlation 0.23 across 30 shared trading days). Both have run at a similar volatility, around 132% annualised.
MIZURAIN
0.23over 30 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 | MIZU | RAIN |
|---|---|---|
| Max drawdown (400d) | -40.5% | -68.5% |
| Risk-adjusted return (90d) | -0.27 | -0.37 |
Relative strength over 90 days: MIZU outperformed RAIN by 71.1% — measured on the MIZU/RAIN ratio, so it holds regardless of market direction.