Rain (RAIN) is 2090.5× the size of Prosper [OLD] (PROS) by market capitalisation. Their daily returns move closely together (correlation 0.75 across 25 shared trading days). RAIN has been the more volatile of the two, at 134% annualised against PROS's 9%.
PROSRAIN
0.75over 25 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 | PROS | RAIN |
|---|---|---|
| Max drawdown (400d) | -9.3% | -68.5% |
| Risk-adjusted return (90d) | -0.50 | -0.37 |
Relative strength over 90 days: PROS outperformed RAIN by 93.0% — measured on the PROS/RAIN ratio, so it holds regardless of market direction.