SailOut Royalty vs Rain

Rain (RAIN) is 209.4× the size of SailOut Royalty (SAIL.R) by market capitalisation. Over the past 30 days, SAIL.R is ahead by 59.3 percentage points (SAIL.R +1.1% against RAIN -58.2%). Their daily returns move barely together (correlation 0.09 across 20 shared trading days). RAIN has been the more volatile of the two, at 134% annualised against SAIL.R's 8%.

Correlation: 0.09
Size ratio: 1 : 209.4
Ahead over 30 days: SAIL.R

SailOut RoyaltySAIL.R

$13.8000

24h: +0.14%
Market cap: $20.69M
Volume 24h: $498
Volatility (ann.): 8%

RainRAIN

$0.006066

24h: -4.32%
Market cap: $4.33B
Volume 24h: $13.43M
Volatility (ann.): 134%

SAIL.R 0.5%Share of the two combined market caps99.5% RAIN

Performance

SAIL.RRAIN

7 days+0.75%-8.29%SAIL.R
30 days+1.10%-58.25%SAIL.R

Correlation

0.09over 20 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	SAIL.R	RAIN
Max drawdown (400d)	-0.7%	-68.5%
Risk-adjusted return (90d)	0.13	-0.37

Relative strength over 90 days: SAIL.R outperformed RAIN by 42.7% — measured on the SAIL.R/RAIN ratio, so it holds regardless of market direction.

SailOut Royalty →Rain →