SPACEHOOD vs Rain

Rain (RAIN) is 8764.5× the size of SPACEHOOD (SPACEHOOD) by market capitalisation. Over the past 30 days, RAIN is ahead by 34.3 percentage points (SPACEHOOD -92.5% against RAIN -58.2%). Their daily returns move barely together (correlation 0.26 across 29 shared trading days). SPACEHOOD has been the more volatile of the two, at 448% annualised against RAIN's 134%.

Correlation: 0.26
Size ratio: 1 : 8764.5
Ahead over 30 days: RAIN

SPACEHOODSPACEHOOD

$0.000549

24h: +14.64%
Market cap: $491,868
Volume 24h: $1.12M
Volatility (ann.): 448%

RainRAIN

$0.006034

24h: -3.76%
Market cap: $4.31B
Volume 24h: $13.33M
Volatility (ann.): 134%

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

Performance

SPACEHOODRAIN

7 days-15.66%-8.29%RAIN
30 days-92.54%-58.25%RAIN

Correlation

0.26over 29 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.2690d: 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	SPACEHOOD	RAIN
Max drawdown (400d)	-97.0%	-68.5%
Risk-adjusted return (90d)	-0.22	-0.37

Relative strength over 90 days: RAIN outperformed SPACEHOOD by 91.5% — measured on the SPACEHOOD/RAIN ratio, so it holds regardless of market direction.

SPACEHOOD →Rain →