Step Finance vs Rain

Rain (RAIN) is 116203.1× the size of Step Finance (STEP) by market capitalisation. Over the past 30 days, STEP is ahead by 49.0 percentage points (STEP -11.9% against RAIN -61.0%). Their daily returns move barely together (correlation 0.28 across 24 shared trading days). RAIN has been the more volatile of the two, at 135% annualised against STEP's 35%.

Correlation: 0.28
Size ratio: 1 : 116203.1
Ahead over 30 days: STEP

Step FinanceSTEP

$0.000116

24h: +0.78%
Market cap: $38,276
Volume 24h: $143
Volatility (ann.): 35%

RainRAIN

$0.006226

24h: +4.30%
Market cap: $4.45B
Volume 24h: $13.98M
Volatility (ann.): 135%

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

Performance

STEPRAIN

7 days-0.09%-11.68%STEP
30 days-11.92%-60.96%STEP

Correlation

0.28over 24 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	STEP	RAIN
Max drawdown (400d)	-13.0%	-69.3%
Risk-adjusted return (90d)	-0.31	-0.40

Relative strength over 90 days: STEP outperformed RAIN by 64.4% — measured on the STEP/RAIN ratio, so it holds regardless of market direction.

Step Finance →Rain →