Apex vs Targon

Targon (SN4) is 10.7× the size of Apex (SN1) by market capitalisation. Over the past 30 days, SN1 is ahead by 17.4 percentage points (SN1 +12.8% against SN4 -4.6%). Their daily returns move very closely together (correlation 0.97 across 24 shared trading days). SN4 has been the more volatile of the two, at 134% annualised against SN1's 100%.

Correlation: 0.97
Size ratio: 1 : 10.7
Ahead over 30 days: SN1

ApexSN1

$1.3700

24h: -0.08%
Market cap: $7.26M
Volume 24h: $67,301
Volatility (ann.): 100%

TargonSN4

$13.1300

24h: +1.97%
Market cap: $77.54M
Volume 24h: $683,304
Volatility (ann.): 134%

SN1 8.6%Share of the two combined market caps91.4% SN4

Performance

SN1SN4

7 days-1.46%-13.99%SN1
30 days+12.85%-4.59%SN1

Correlation

0.97over 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	SN1	SN4
Max drawdown (400d)	-19.7%	-24.4%
Risk-adjusted return (90d)	0.13	0.17

Relative strength over 90 days: SN4 outperformed SN1 by 7.6% — measured on the SN1/SN4 ratio, so it holds regardless of market direction.

Apex →Targon →