Quantum Innovate vs Targon

Targon (SN4) is 13.9× the size of Quantum Innovate (SN63) by market capitalisation. Over the past 30 days, SN4 is ahead by 33.1 percentage points (SN63 -37.7% against SN4 -4.6%). Their daily returns move closely together (correlation 0.71 across 24 shared trading days). Both have run at a similar volatility, around 125% annualised.

Correlation: 0.71
Size ratio: 1 : 13.9
Ahead over 30 days: SN4

Quantum InnovateSN63

$1.0110

24h: -0.20%
Market cap: $5.67M
Volume 24h: $7,300
Volatility (ann.): 116%

TargonSN4

$13.3400

24h: +2.76%
Market cap: $78.78M
Volume 24h: $855,681
Volatility (ann.): 134%

SN63 6.7%Share of the two combined market caps93.3% SN4

Performance

SN63SN4

7 days-5.34%-13.99%SN63
30 days-37.69%-4.59%SN4

Correlation

0.71over 24 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	SN63	SN4
Max drawdown (400d)	-45.9%	-24.4%
Risk-adjusted return (90d)	-0.32	0.17

Relative strength over 90 days: SN4 outperformed SN63 by 49.0% — measured on the SN63/SN4 ratio, so it holds regardless of market direction.

Quantum Innovate →Targon →