Rain Enhancement Correlations

RAIN Stock

USD 2.48 0.30 13.76%

The current 90-days correlation between Rain Enhancement Tec and Ocean Biomedical is -0.08 (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 -0.02 (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.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rain Enhancement Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Rain Stock

0.69	CUE	Cue Biopharma	Pair Corr
0.74	GANX	Gain Therapeutics	Pair Corr
0.73	CGTX	Cognition Therapeutics	Pair Corr
0.77	SSNLF	Samsung Electronics	Pair Corr

Moving against Rain Stock

0.61	KURA	Kura Oncology	Pair Corr
0.57	ABOS	Acumen Pharmaceuticals	Pair Corr
0.49	INZY	Inozyme Pharma	Pair Corr
0.36	RNAC	Cartesian Therapeutics Earnings Call This Week	Pair Corr
0.64	ADTX	Aditxt Inc	Pair Corr
0.58	CRNX	Crinetics Pharmaceuticals	Pair Corr
0.57	TERN	Terns Pharmaceuticals	Pair Corr
0.54	STRO	Sutro Biopharma	Pair Corr
0.53	TCRX	Tscan Therapeutics	Pair Corr
0.52	CRSP	Crispr Therapeutics	Pair Corr
0.52	DAWN	Day One Biopharmaceu	Pair Corr
0.48	ANAB	AnaptysBio	Pair Corr
0.43	CTMX	CytomX Therapeutics	Pair Corr
0.37	CNTA	Centessa Pharmaceuticals	Pair Corr
0.46	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.43	PTAIY	Astra International Tbk	Pair Corr
0.43	PIFMY	Indofood Sukses Makmur	Pair Corr
0.32	PTAIF	PT Astra International	Pair Corr

Related Correlations Analysis

	AVRO	OCEA	ENVB	ELEV	HEPA	ZURA	EFTR
AVRO		0.0	0.0	0.0	0.0	0.0	0.0	AVRO
OCEA	0.0		0.92	0.12	0.94	0.88	0.0	OCEA
ENVB	0.0	0.92		0.27	0.79	0.71	0.0	ENVB
ELEV	0.0	0.12	0.27		0.06	-0.06	0.0	ELEV
HEPA	0.0	0.94	0.79	0.06		0.92	0.0	HEPA
ZURA	0.0	0.88	0.71	-0.06	0.92		0.0	ZURA
EFTR	0.0	0.0	0.0	0.0	0.0	0.0		EFTR
	AVRO	OCEA	ENVB	ELEV	HEPA	ZURA	EFTR

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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

HEPA	+ 0.94	OCEA
ENVB	+ 0.92	OCEA
ZURA	+ 0.92	HEPA
ZURA	+ 0.88	OCEA
HEPA	+ 0.79	ENVB
ZURA	+ 0.71	ENVB

High negative correlations

ZURA	- 0.06	ELEV
EFTR	- 0.0	ZURA
EFTR	- 0.0	HEPA
EFTR	- 0.0	ELEV
EFTR	- 0.0	ENVB
EFTR	- 0.0	OCEA

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	0.00	0.00
OCEA	6.65	(2.51)	0.00	(5.34)	0.00	0.00	15.38	(15.00)	51.00
ENVB	6.01	(0.45)	0.00	0.33	0.00	0.00	9.80	(13.40)	65.81
ELEV	4.52	0.11	0.02	0.15	5.02	(5.85)	10.00	(8.22)	40.61
HEPA	7.67	(1.29)	0.00	(1.46)	0.00	0.00	17.65	(11.11)	86.86
ZURA	4.23	(1.26)	0.00	0.65	0.00	0.00	9.21	(9.71)	25.04
EFTR	0.00	0.00	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

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