Outter Finance (OUT) and Rain (RAIN) compared side by side. Over the past 30 days, OUT is ahead by 35.9 percentage points (OUT -22.3% against RAIN -58.2%). Their daily returns move barely in opposite directions (correlation -0.07 across 21 shared trading days). RAIN has been the more volatile of the two, at 134% annualised against OUT's 39%.
OUTRAIN
-0.07over 21 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 | OUT | RAIN |
|---|---|---|
| Max drawdown (400d) | -24.4% | -68.5% |
| Risk-adjusted return (90d) | -0.60 | -0.37 |
Relative strength over 90 days: OUT outperformed RAIN by 27.6% — measured on the OUT/RAIN ratio, so it holds regardless of market direction.