SNAKE vs Rain

Rain (RAIN) is 46181.9× the size of SNAKE (SNAKE) by market capitalisation. Over the past 30 days, SNAKE is ahead by 61.0 percentage points (SNAKE +0.0% against RAIN -61.0%). Their daily returns move barely together (correlation 0.09 across 20 shared trading days). SNAKE has been the more volatile of the two, at 203% annualised against RAIN's 135%.

Correlation: 0.09
Size ratio: 1 : 46181.9
Ahead over 30 days: SNAKE

SNAKESNAKE

$0.040913

24h: +8.13%
Market cap: $93,763
Volume 24h: $5
Volatility (ann.): 203%

RainRAIN

$0.006061

24h: -2.26%
Market cap: $4.33B
Volume 24h: $13.58M
Volatility (ann.): 135%

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

Performance

SNAKERAIN

7 days-12.95%-11.68%RAIN
30 days+0.05%-60.96%SNAKE

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	SNAKE	RAIN
Max drawdown (400d)	-43.6%	-69.3%
Risk-adjusted return (90d)	0.00	-0.40

Relative strength over 90 days: SNAKE outperformed RAIN by 14.9% — measured on the SNAKE/RAIN ratio, so it holds regardless of market direction.

SNAKE →Rain →