STRIKE vs Rain

Rain (RAIN) is 39381.2× the size of STRIKE (STRIKE) by market capitalisation. Over the past 30 days, STRIKE is ahead by 22.5 percentage points (STRIKE -38.4% against RAIN -61.0%). Their daily returns move barely together (correlation 0.07 across 22 shared trading days). RAIN has been the more volatile of the two, at 135% annualised against STRIKE's 52%.

Correlation: 0.07
Size ratio: 1 : 39381.2
Ahead over 30 days: STRIKE

STRIKESTRIKE

$2.422e-5

24h: —
Market cap: $106,581
Volume 24h: $249
Volatility (ann.): 52%

RainRAIN

$0.005875

24h: -2.47%
Market cap: $4.20B
Volume 24h: $13.31M
Volatility (ann.): 135%

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

Performance

STRIKERAIN

7 days-13.40%-11.68%RAIN
30 days-38.44%-60.96%STRIKE

Correlation

0.07over 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	STRIKE	RAIN
Max drawdown (400d)	-40.7%	-69.3%
Risk-adjusted return (90d)	-0.73	-0.40

Relative strength over 90 days: STRIKE outperformed RAIN by 16.7% — measured on the STRIKE/RAIN ratio, so it holds regardless of market direction.

STRIKE →Rain →