Ticker Spring vs Rain

Rain (RAIN) is 6523.2× the size of Ticker Spring (SPRING) by market capitalisation. Over the past 30 days, SPRING is ahead by 56.3 percentage points (SPRING -4.6% against RAIN -61.0%). Their daily returns move barely together (correlation 0.01 across 24 shared trading days). SPRING has been the more volatile of the two, at 253% annualised against RAIN's 135%.

Correlation: 0.01
Size ratio: 1 : 6523.2
Ahead over 30 days: SPRING

Ticker SpringSPRING

$0.001840

24h: +1.39%
Market cap: $656,726
Volume 24h: $4,134
Volatility (ann.): 253%

RainRAIN

$0.005997

24h: -7.34%
Market cap: $4.28B
Volume 24h: $14.76M
Volatility (ann.): 135%

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

Performance

SPRINGRAIN

7 days-31.31%-11.68%RAIN
30 days-4.65%-60.96%SPRING

Correlation

0.01over 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	SPRING	RAIN
Max drawdown (400d)	-46.0%	-69.3%
Risk-adjusted return (90d)	0.11	-0.40

Relative strength over 90 days: SPRING outperformed RAIN by 42.3% — measured on the SPRING/RAIN ratio, so it holds regardless of market direction.

Ticker Spring →Rain →