Rain Enhancement Correlations
| RAIN Stock | USD 1.90 0.04 2.15% |
The current 90-days correlation between Rain Enhancement Tec and Ocean Biomedical is -0.09 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Rain Enhancement moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Rain Enhancement Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Rain Enhancement Correlation With Market
Good diversification
The correlation between Rain Enhancement Technologies and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rain Enhancement Technologies and DJI in the same portfolio, assuming nothing else is changed.
Rain |
Moving together with Rain Stock
Moving against Rain Stock
| 0.35 | CMRX | Chimerix | PairCorr |
| 0.34 | CPIX | Cumberland Pharmaceuticals | PairCorr |
| 0.48 | INMD | InMode | PairCorr |
| 0.31 | LUCD | Lucid Diagnostics | PairCorr |
| 0.43 | PKX | POSCO Holdings | PairCorr |
| 0.41 | BRK-A | Berkshire Hathaway | PairCorr |
| 0.41 | BRK-B | Berkshire Hathaway | PairCorr |
| 0.4 | NHNCF | NAVER Corp | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Rain Stock performing well and Rain Enhancement Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Rain Enhancement's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AVRO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CWBR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| OCEA | 7.12 | (3.00) | 0.00 | (1.94) | 0.00 | 15.38 | 51.00 | |||
| ENVB | 7.01 | (0.69) | 0.00 | (0.52) | 0.00 | 12.04 | 113.38 | |||
| ELEV | 5.06 | (0.69) | 0.00 | (0.53) | 0.00 | 8.33 | 68.94 | |||
| HEPA | 9.87 | (3.91) | 0.00 | (5.38) | 0.00 | 16.37 | 90.05 | |||
| ZURA | 4.61 | (0.40) | 0.00 | (0.23) | 0.00 | 9.79 | 29.06 | |||
| EFTR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Rain Enhancement Corporate Management
| Oanh Truong | Interim Officer | Profile | |
| Lucio Tozzi | VP Operations | Profile | |
| Nora MD | MD Development | Profile | |
| Nelson Cabatuan | Sr Admin | Profile | |
| Avanish MBA | CEO CoFounder | Profile | |
| Mehdi Paborji | VP Operations | Profile | |
| Theresa MS | Director Operations | Profile |