WOWswap vs Rain

Rain (RAIN) is 416698.1× the size of WOWswap (WOW) by market capitalisation. Over the past 30 days, WOW is ahead by 19.2 percentage points (WOW -41.7% against RAIN -61.0%). Their daily returns move loosely in opposite directions (correlation -0.47 across 21 shared trading days). Both have run at a similar volatility, around 141% annualised.

Correlation: -0.47
Size ratio: 1 : 416698.1
Ahead over 30 days: WOW

WOWswapWOW

$0.010680

24h: +3.66%
Market cap: $10,674
Volume 24h: $11
Volatility (ann.): 146%

RainRAIN

$0.006226

24h: +4.30%
Market cap: $4.45B
Volume 24h: $13.98M
Volatility (ann.): 135%

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

Performance

WOWRAIN

7 days-34.98%-11.68%RAIN
30 days-41.72%-60.96%WOW

Correlation

-0.47over 21 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	WOW	RAIN
Max drawdown (400d)	-48.5%	-69.3%
Risk-adjusted return (90d)	-0.28	-0.40

Relative strength over 90 days: WOW outperformed RAIN by 6.7% — measured on the WOW/RAIN ratio, so it holds regardless of market direction.

WOWswap →Rain →