Tranche Finance vs Rain

Rain (RAIN) is 27530.4× the size of Tranche Finance (SLICE) by market capitalisation. Over the past 30 days, SLICE is ahead by 49.8 percentage points (SLICE -11.1% against RAIN -61.0%). Their daily returns move barely together (correlation 0.12 across 24 shared trading days). RAIN has been the more volatile of the two, at 135% annualised against SLICE's 43%.

Correlation: 0.12
Size ratio: 1 : 27530.4
Ahead over 30 days: SLICE

Tranche FinanceSLICE

$0.009062

24h: +4.68%
Market cap: $157,844
Volume 24h: $643
Volatility (ann.): 43%

RainRAIN

$0.006083

24h: -1.97%
Market cap: $4.35B
Volume 24h: $13.84M
Volatility (ann.): 135%

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

Performance

SLICERAIN

7 days+4.00%-11.68%SLICE
30 days-11.14%-60.96%SLICE

Correlation

0.12over 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	SLICE	RAIN
Max drawdown (400d)	-18.2%	-69.3%
Risk-adjusted return (90d)	-0.24	-0.40

Relative strength over 90 days: SLICE outperformed RAIN by 55.7% — measured on the SLICE/RAIN ratio, so it holds regardless of market direction.

Tranche Finance →Rain →