Rain (RAIN) is 1024.3× the size of up (UP) by market capitalisation. Over the past 30 days, RAIN is ahead by 41.8 percentage points (UP -100.0% against RAIN -58.2%). Their daily returns move loosely together (correlation 0.56 across 23 shared trading days). UP has been the more volatile of the two, at 598% annualised against RAIN's 134%.
UPRAIN
0.56over 23 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 | UP | RAIN |
|---|---|---|
| Max drawdown (400d) | -100.0% | -68.5% |
| Risk-adjusted return (90d) | -0.17 | -0.37 |
Relative strength over 90 days: RAIN outperformed UP by 100.0% — measured on the UP/RAIN ratio, so it holds regardless of market direction.