Palm Economy vs Rnt

Rnt (RNT) is 72.9× the size of Palm Economy (PALM) by market capitalisation. Over the past 30 days, RNT is ahead by 35.2 percentage points (PALM -22.9% against RNT +12.2%). Their daily returns move loosely together (correlation 0.52 across 25 shared trading days). PALM has been the more volatile of the two, at 165% annualised against RNT's 21%.

Correlation: 0.52
Size ratio: 1 : 72.9
Ahead over 30 days: RNT

Palm EconomyPALM

$5.501e-5

24h: +3.31%
Market cap: $694,036
Volume 24h: $236
Volatility (ann.): 165%

RntRNT

$0.352143

24h: +0.31%
Market cap: $50.57M
Volume 24h: $11,528
Volatility (ann.): 21%

PALM 1.4%Share of the two combined market caps98.6% RNT

Performance

PALMRNT

7 days+3.82%+2.29%PALM
30 days-22.94%+12.23%RNT

Correlation

0.52over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5290d: 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	PALM	RNT
Max drawdown (400d)	-49.0%	-1.3%
Risk-adjusted return (90d)	-0.14	1.07

Relative strength over 90 days: RNT outperformed PALM by 25.6% — measured on the PALM/RNT ratio, so it holds regardless of market direction.

Palm Economy →Rnt →