NEXION vs Rain

Rain (RAIN) is 93540.5× the size of NEXION (NEON) by market capitalisation. Over the past 30 days, NEON is ahead by 7.9 percentage points (NEON -53.1% against RAIN -61.0%). Their daily returns move barely together (correlation 0.07 across 22 shared trading days). NEON has been the more volatile of the two, at 159% annualised against RAIN's 135%.

Correlation: 0.07
Size ratio: 1 : 93540.5
Ahead over 30 days: NEON

NEXIONNEON

$5.844e-5

24h: +6.09%
Market cap: $47,008
Volume 24h: $118
Volatility (ann.): 159%

RainRAIN

$0.006155

24h: -2.49%
Market cap: $4.40B
Volume 24h: $13.92M
Volatility (ann.): 135%

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

Performance

NEONRAIN

7 days-4.04%-11.68%NEON
30 days-53.08%-60.96%NEON

Correlation

0.07over 22 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	NEON	RAIN
Max drawdown (400d)	-54.8%	-69.3%
Risk-adjusted return (90d)	-0.33	-0.40

Relative strength over 90 days: RAIN outperformed NEON by 10.6% — measured on the NEON/RAIN ratio, so it holds regardless of market direction.

NEXION →Rain →