SPINY vs Rain

Rain (RAIN) is 1337924.9× the size of SPINY (SPINY) by market capitalisation. Over the past 30 days, SPINY is ahead by 34.7 percentage points (SPINY -26.2% against RAIN -61.0%). Their daily returns move barely together (correlation 0.30 across 22 shared trading days). RAIN has been the more volatile of the two, at 135% annualised against SPINY's 55%.

Correlation: 0.30
Size ratio: 1 : 1337924.9
Ahead over 30 days: SPINY

SPINYSPINY

$4.300e-6

24h: +4.04%
Market cap: $3,162
Volume 24h: $2
Volatility (ann.): 55%

RainRAIN

$0.005923

24h: -3.60%
Market cap: $4.23B
Volume 24h: $13.16M
Volatility (ann.): 135%

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

Performance

SPINYRAIN

7 days-9.26%-11.68%SPINY
30 days-26.22%-60.96%SPINY

Correlation

0.30over 22 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	SPINY	RAIN
Max drawdown (400d)	-30.5%	-69.3%
Risk-adjusted return (90d)	-0.47	-0.40

Relative strength over 90 days: SPINY outperformed RAIN by 32.9% — measured on the SPINY/RAIN ratio, so it holds regardless of market direction.

SPINY →Rain →