Rain Enhancement Technologies Holdco, Inc. Class A Common Stock (RAIN) — Stock Correlations & Overview
Over the past year, RAIN has moved most closely with CARY, CORT, IMA. Explore the stocks most correlated and inversely correlated with RAIN below, along with its price, financials, and company profile.
Stocks correlated with RAIN
Correlation of daily returns. Higher positive values move with RAIN; negative values move opposite it. Informational only, not investment advice.
Most correlated with RAIN
| Symbol | Company | Correlation |
|---|---|---|
| CARY | Angel Oak Income ETF | 0.29 |
| CORT | Corcept Therapeutics Inc.PHARMACEUTICAL PREPARATIONS | 0.28 |
| IMA | ImageneBio, Inc. Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | 0.27 |
| USBpQ | U.S. Bancorp Depositary Shares, Each Representing a 1/1, 000th Interest in a Share of Series L Non- Cumulative Perpetual Preferred StockNATIONAL COMMERCIAL BANKS | 0.27 |
| MSpL | Morgan Stanley Depositary Shares, each representing 1/1,000th of a share of 4.875% Non-Cumulative Preferred Stock, Series LSECURITY BROKERS, DEALERS & FLOTATION COMPANIES | 0.27 |
Most inversely correlated with RAIN
| Symbol | Company | Correlation |
|---|---|---|
| UONEK | Urban One, Inc. Class D Common StockRADIO BROADCASTING STATIONS | -0.21 |
| NFE | New Fortress Energy Inc. Class A Common StockNATURAL GAS DISTRIBUTION | -0.21 |
| RISR | FolioBeyond Alternative Income and Interest Rate Hedge ETF | -0.21 |
| ANGH | Anghami Inc. Ordinary Shares | -0.18 |
| MED | Medifast, Inc.MISCELLANEOUS FOOD PREPARATIONS & KINDRED PRODUCTS | -0.18 |
Frequently asked questions about RAIN correlations
- Which stocks are most correlated with RAIN?
- Based on one year of daily returns, the stocks most correlated with Rain Enhancement Technologies Holdco, Inc. Class A Common Stock (RAIN) are CARY (0.29), CORT (0.28) and IMA (0.27). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with RAIN?
- Over the past year, the stocks most inversely correlated with Rain Enhancement Technologies Holdco, Inc. Class A Common Stock (RAIN) are UONEK (-0.21), NFE (-0.21) and RISR (-0.21). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these RAIN correlations calculated?
- We compute the correlation of daily returns between RAIN and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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