Neox vs Rain

Rain (RAIN) is 65812.2× the size of Neox (NEOX) by market capitalisation. Over the past 30 days, NEOX is ahead by 32.8 percentage points (NEOX -28.2% against RAIN -61.0%). Their daily returns move barely together (correlation 0.02 across 24 shared trading days). RAIN has been the more volatile of the two, at 135% annualised against NEOX's 73%.

Correlation: 0.02
Size ratio: 1 : 65812.2
Ahead over 30 days: NEOX

NeoxNEOX

$0.000116

24h: +2.16%
Market cap: $63,583
Volume 24h: $14
Volatility (ann.): 73%

RainRAIN

$0.005857

24h: -3.70%
Market cap: $4.18B
Volume 24h: $13.20M
Volatility (ann.): 135%

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

Performance

NEOXRAIN

7 days-4.34%-11.68%NEOX
30 days-28.19%-60.96%NEOX

Correlation

0.02over 24 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	NEOX	RAIN
Max drawdown (400d)	-30.7%	-69.3%
Risk-adjusted return (90d)	-0.34	-0.40

Relative strength over 90 days: NEOX outperformed RAIN by 37.9% — measured on the NEOX/RAIN ratio, so it holds regardless of market direction.

Neox →Rain →