Squid vs Rain

Rain (RAIN) is 540.7× the size of Squid (QUID) by market capitalisation. Over the past 30 days, QUID is ahead by 43.7 percentage points (QUID -14.6% against RAIN -58.2%). Their daily returns move barely together (correlation 0.15 across 45 shared trading days). RAIN has been the more volatile of the two, at 134% annualised against QUID's 99%.

Correlation: 0.15
Size ratio: 1 : 540.7
Ahead over 30 days: QUID

SquidQUID

$0.055696

24h: -0.83%
Market cap: $7.97M
Volume 24h: $2.26M
Volatility (ann.): 99%

RainRAIN

$0.006034

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

QUID 0.2%Share of the two combined market caps99.8% RAIN

Performance

QUIDRAIN

7 days-1.03%-8.29%QUID
30 days-14.59%-58.25%QUID

Correlation

0.15over 45 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.1990d: 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	QUID	RAIN
Max drawdown (400d)	-51.2%	-68.5%
Risk-adjusted return (90d)	-0.51	-0.37

Relative strength over 90 days: QUID outperformed RAIN by 54.7% — measured on the QUID/RAIN ratio, so it holds regardless of market direction.

Squid →Rain →