Ref Finance vs Rain

Rain (RAIN) is 632.6× the size of Ref Finance (REF) by market capitalisation. Over the past 30 days, REF is ahead by 98.2 percentage points (REF +40.0% against RAIN -58.2%). Their daily returns move barely in opposite directions (correlation -0.16 across 32 shared trading days). Both have run at a similar volatility, around 140% annualised.

Correlation: -0.16
Size ratio: 1 : 632.6
Ahead over 30 days: REF

Ref FinanceREF

$0.068647

24h: -1.62%
Market cap: $6.59M
Volume 24h: $221
Volatility (ann.): 146%

RainRAIN

$0.005837

24h: -6.35%
Market cap: $4.17B
Volume 24h: $13.49M
Volatility (ann.): 134%

REF 0.2%Share of the two combined market caps99.8% RAIN

Performance

REFRAIN

7 days-16.83%-8.29%RAIN
30 days+39.98%-58.25%REF

Correlation

-0.16over 32 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.1690d: 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	REF	RAIN
Max drawdown (400d)	-34.6%	-68.5%
Risk-adjusted return (90d)	0.51	-0.37

Relative strength over 90 days: REF outperformed RAIN by 364.3% — measured on the REF/RAIN ratio, so it holds regardless of market direction.

Ref Finance →Rain →