Overcall vs Rain

Rain (RAIN) is 19881.1× the size of Overcall (OVER) by market capitalisation. Over the past 30 days, OVER is ahead by 22.7 percentage points (OVER -35.5% against RAIN -58.2%). Their daily returns move barely together (correlation 0.17 across 23 shared trading days). OVER has been the more volatile of the two, at 193% annualised against RAIN's 134%.

Correlation: 0.17
Size ratio: 1 : 19881.1
Ahead over 30 days: OVER

OvercallOVER

$0.000643

24h: +1.39%
Market cap: $221,434
Volume 24h: $322
Volatility (ann.): 193%

RainRAIN

$0.006169

24h: -4.16%
Market cap: $4.40B
Volume 24h: $13.82M
Volatility (ann.): 134%

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

Performance

OVERRAIN

7 days-21.64%-8.29%RAIN
30 days-35.53%-58.25%OVER

Correlation

0.17over 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	OVER	RAIN
Max drawdown (400d)	-51.1%	-68.5%
Risk-adjusted return (90d)	-0.10	-0.37

Relative strength over 90 days: OVER outperformed RAIN by 32.4% — measured on the OVER/RAIN ratio, so it holds regardless of market direction.

Overcall →Rain →