Tectonic vs Rain

Rain (RAIN) is 2200.7× the size of Tectonic (TONIC) by market capitalisation. Over the past 30 days, TONIC is ahead by 25.3 percentage points (TONIC -35.6% against RAIN -61.0%). Their daily returns move barely together (correlation 0.34 across 31 shared trading days). TONIC has been the more volatile of the two, at 220% annualised against RAIN's 135%.

Correlation: 0.34
Size ratio: 1 : 2200.7
Ahead over 30 days: TONIC

TectonicTONIC

$6.533e-9

24h: +2.48%
Market cap: $2.01M
Volume 24h: $4,028
Volatility (ann.): 220%

RainRAIN

$0.006213

24h: -0.25%
Market cap: $4.43B
Volume 24h: $14.26M
Volatility (ann.): 135%

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

Performance

TONICRAIN

7 days-5.48%-11.68%TONIC
30 days-35.64%-60.96%TONIC

Correlation

0.34over 31 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3490d: 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	TONIC	RAIN
Max drawdown (400d)	-78.9%	-69.3%
Risk-adjusted return (90d)	-0.36	-0.40

Relative strength over 90 days: RAIN outperformed TONIC by 37.7% — measured on the TONIC/RAIN ratio, so it holds regardless of market direction.

Tectonic →Rain →