Space vs Rain

Rain (RAIN) is 6339.4× the size of Space (SPACE) by market capitalisation. Over the past 30 days, RAIN is ahead by 41.5 percentage points (SPACE -99.8% against RAIN -58.2%). Their daily returns move closely together (correlation 0.66 across 23 shared trading days). SPACE has been the more volatile of the two, at 436% annualised against RAIN's 134%.

Correlation: 0.66
Size ratio: 1 : 6339.4
Ahead over 30 days: RAIN

SpaceSPACE

$0.000851

24h: -0.60%
Market cap: $670,794
Volume 24h: $366
Volatility (ann.): 436%

RainRAIN

$0.005954

24h: -6.83%
Market cap: $4.25B
Volume 24h: $13.60M
Volatility (ann.): 134%

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

Performance

SPACERAIN

7 days-99.77%-8.29%RAIN
30 days-99.80%-58.25%RAIN

Correlation

0.66over 23 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	SPACE	RAIN
Max drawdown (400d)	-99.8%	-68.5%
Risk-adjusted return (90d)	-0.23	-0.37

Relative strength over 90 days: RAIN outperformed SPACE by 99.5% — measured on the SPACE/RAIN ratio, so it holds regardless of market direction.

Space →Rain →