Ordiswap vs Rain

Rain (RAIN) is 28344.4× the size of Ordiswap (ORDS) by market capitalisation. Over the past 30 days, ORDS is ahead by 43.8 percentage points (ORDS -17.1% against RAIN -61.0%). Their daily returns move barely together (correlation 0.08 across 21 shared trading days). RAIN has been the more volatile of the two, at 135% annualised against ORDS's 46%.

Correlation: 0.08
Size ratio: 1 : 28344.4
Ahead over 30 days: ORDS

OrdiswapORDS

$0.000153

24h: —
Market cap: $153,311
Volume 24h: $45
Volatility (ann.): 46%

RainRAIN

$0.006083

24h: -1.97%
Market cap: $4.35B
Volume 24h: $13.84M
Volatility (ann.): 135%

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

Performance

ORDSRAIN

7 days+0.00%-11.68%ORDS
30 days-17.13%-60.96%ORDS

Correlation

0.08over 21 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	ORDS	RAIN
Max drawdown (400d)	-22.3%	-69.3%
Risk-adjusted return (90d)	-0.37	-0.40

Relative strength over 90 days: ORDS outperformed RAIN by 33.2% — measured on the ORDS/RAIN ratio, so it holds regardless of market direction.

Ordiswap →Rain →