OpenRoboto vs Targon

Targon (SN4) is 9.1× the size of OpenRoboto (SN80) by market capitalisation. Over the past 30 days, SN4 is ahead by 12.1 percentage points (SN80 -16.7% against SN4 -4.6%). Their daily returns move closely together (correlation 0.73 across 34 shared trading days). SN80 has been the more volatile of the two, at 189% annualised against SN4's 134%.

Correlation: 0.73
Size ratio: 1 : 9.1
Ahead over 30 days: SN4

OpenRobotoSN80

$3.4300

24h: -4.39%
Market cap: $8.51M
Volume 24h: $251,312
Volatility (ann.): 189%

TargonSN4

$13.1600

24h: -0.14%
Market cap: $77.70M
Volume 24h: $915,513
Volatility (ann.): 134%

SN80 9.9%Share of the two combined market caps90.1% SN4

Performance

SN80SN4

7 days-26.83%-13.99%SN4
30 days-16.67%-4.59%SN4

Correlation

0.73over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.7790d: 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	SN80	SN4
Max drawdown (400d)	-60.1%	-24.4%
Risk-adjusted return (90d)	0.06	0.17

Relative strength over 90 days: SN80 outperformed SN4 by 15.0% — measured on the SN80/SN4 ratio, so it holds regardless of market direction.

OpenRoboto →Targon →