BetterTherapy vs Targon

Targon (SN4) is 39.1× the size of BetterTherapy (SN102) by market capitalisation. Over the past 30 days, SN4 is ahead by 1.7 percentage points (SN102 -6.3% against SN4 -4.6%). Their daily returns move very closely together (correlation 0.91 across 23 shared trading days). Both have run at a similar volatility, around 137% annualised.

Correlation: 0.91
Size ratio: 1 : 39.1
Ahead over 30 days: SN4

BetterTherapySN102

$1.1900

24h: -5.26%
Market cap: $2.00M
Volume 24h: $239,556
Volatility (ann.): 140%

TargonSN4

$13.2200

24h: +0.51%
Market cap: $78.15M
Volume 24h: $904,564
Volatility (ann.): 134%

SN102 2.5%Share of the two combined market caps97.5% SN4

Performance

SN102SN4

7 days+16.17%-13.99%SN102
30 days-6.28%-4.59%SN4

Correlation

0.91over 23 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	SN102	SN4
Max drawdown (400d)	-28.0%	-24.4%
Risk-adjusted return (90d)	-0.04	0.17

Relative strength over 90 days: SN4 outperformed SN102 by 26.0% — measured on the SN102/SN4 ratio, so it holds regardless of market direction.

BetterTherapy →Targon →