Opcode vs Rain

Rain (RAIN) is 120.5× the size of Opcode (OPCODE) by market capitalisation. Over the past 30 days, OPCODE is ahead by 56.0 percentage points (OPCODE -2.2% against RAIN -58.2%). Their daily returns move loosely together (correlation 0.56 across 27 shared trading days). RAIN has been the more volatile of the two, at 134% annualised against OPCODE's 7%.

Correlation: 0.56
Size ratio: 1 : 120.5
Ahead over 30 days: OPCODE

OpcodeOPCODE

$0.035772

24h: +0.00%
Market cap: $35.77M
Volume 24h: —
Volatility (ann.): 7%

RainRAIN

$0.006034

24h: -3.76%
Market cap: $4.31B
Volume 24h: $13.33M
Volatility (ann.): 134%

OPCODE 0.8%Share of the two combined market caps99.2% RAIN

Performance

OPCODERAIN

7 days+0.00%-8.29%OPCODE
30 days-2.25%-58.25%OPCODE

Correlation

0.56over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5690d: 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	OPCODE	RAIN
Max drawdown (400d)	-2.3%	-68.5%
Risk-adjusted return (90d)	-0.34	-0.37

Relative strength over 90 days: OPCODE outperformed RAIN by 70.8% — measured on the OPCODE/RAIN ratio, so it holds regardless of market direction.

Opcode →Rain →