BitAgent - Rizzo vs Targon

Targon (SN4) is 32.6× the size of BitAgent - Rizzo (SN20) by market capitalisation. Over the past 30 days, SN20 is ahead by 13.4 percentage points (SN20 +8.8% against SN4 -4.6%). Their daily returns move very closely together (correlation 0.88 across 23 shared trading days). SN4 has been the more volatile of the two, at 134% annualised against SN20's 112%.

Correlation: 0.88
Size ratio: 1 : 32.6
Ahead over 30 days: SN20

BitAgent - RizzoSN20

$0.512520

24h: +0.08%
Market cap: $2.47M
Volume 24h: $8,865
Volatility (ann.): 112%

TargonSN4

$13.6500

24h: +3.71%
Market cap: $80.61M
Volume 24h: $920,760
Volatility (ann.): 134%

SN20 3.0%Share of the two combined market caps97.0% SN4

Performance

SN20SN4

7 days-10.48%-13.99%SN20
30 days+8.78%-4.59%SN20

Correlation

0.88over 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	SN20	SN4
Max drawdown (400d)	-22.5%	-24.4%
Risk-adjusted return (90d)	0.08	0.17

Relative strength over 90 days: SN4 outperformed SN20 by 13.0% — measured on the SN20/SN4 ratio, so it holds regardless of market direction.

BitAgent - Rizzo →Targon →