Ripe DAO Governance Token vs Rain

Rain (RAIN) is 6243.4× the size of Ripe DAO Governance Token (RIPE) by market capitalisation. Over the past 30 days, RAIN is ahead by 4.4 percentage points (RIPE -62.6% against RAIN -58.2%). Their daily returns move barely together (correlation 0.06 across 28 shared trading days). RIPE has been the more volatile of the two, at 925% annualised against RAIN's 134%.

Correlation: 0.06
Size ratio: 1 : 6243.4
Ahead over 30 days: RAIN

Ripe DAO Governance TokenRIPE

$0.438279

24h: -0.92%
Market cap: $710,240
Volume 24h: $533
Volatility (ann.): 925%

RainRAIN

$0.006207

24h: -3.64%
Market cap: $4.43B
Volume 24h: $14.09M
Volatility (ann.): 134%

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

Performance

RIPERAIN

7 days-0.43%-8.29%RIPE
30 days-62.60%-58.25%RAIN

Correlation

0.06over 28 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0690d: 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	RIPE	RAIN
Max drawdown (400d)	-93.7%	-68.5%
Risk-adjusted return (90d)	-0.08	-0.37

Relative strength over 90 days: RAIN outperformed RIPE by 32.6% — measured on the RIPE/RAIN ratio, so it holds regardless of market direction.

Ripe DAO Governance Token →Rain →