Origin LGNS (LGNS) and Rain (RAIN) compared side by side. Over the past 30 days, RAIN is ahead by 24.9 percentage points (LGNS -83.2% against RAIN -58.2%). Their daily returns move barely together (correlation 0.17 across 23 shared trading days). LGNS has been the more volatile of the two, at 227% annualised against RAIN's 134%.
LGNSRAIN
0.17over 23 shared trading days
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.
| Metric | LGNS | RAIN |
|---|---|---|
| Max drawdown (400d) | -85.2% | -68.5% |
| Risk-adjusted return (90d) | -0.37 | -0.37 |
Relative strength over 90 days: RAIN outperformed LGNS by 11.8% — measured on the LGNS/RAIN ratio, so it holds regardless of market direction.