Rain (RAIN) is 41334.1× the size of Strike (STRIKE) by market capitalisation. Their daily returns move loosely together (correlation 0.35 across 21 shared trading days). STRIKE has been the more volatile of the two, at 324% annualised against RAIN's 135%.
STRIKERAIN
0.35over 21 shared trading days
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.
| Metric | STRIKE | RAIN |
|---|---|---|
| Max drawdown (400d) | -78.9% | -69.3% |
| Risk-adjusted return (90d) | -0.02 | -0.40 |
Relative strength over 90 days: STRIKE outperformed RAIN by 90.6% — measured on the STRIKE/RAIN ratio, so it holds regardless of market direction.