Note Systems vs Rain

Rain (RAIN) is 2780.2× the size of Note Systems (NOTE) by market capitalisation. Over the past 30 days, RAIN is ahead by 0.2 percentage points (NOTE -58.5% against RAIN -58.2%). Their daily returns move barely in opposite directions (correlation -0.00 across 23 shared trading days). NOTE has been the more volatile of the two, at 250% annualised against RAIN's 134%.

Correlation: -0.00
Size ratio: 1 : 2780.2
Ahead over 30 days: RAIN

Note SystemsNOTE

$0.026800

24h: -1.37%
Market cap: $1.61M
Volume 24h: $25,304
Volatility (ann.): 250%

RainRAIN

$0.006272

24h: +2.12%
Market cap: $4.47B
Volume 24h: $14.56M
Volatility (ann.): 134%

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

Performance

NOTERAIN

7 days-39.87%-8.29%RAIN
30 days-58.46%-58.25%RAIN

Correlation

-0.00over 23 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	NOTE	RAIN
Max drawdown (400d)	-71.6%	-68.5%
Risk-adjusted return (90d)	-0.29	-0.37

Relative strength over 90 days: RAIN outperformed NOTE by 33.5% — measured on the NOTE/RAIN ratio, so it holds regardless of market direction.

Note Systems →Rain →