Bitcast vs Targon

Targon (SN4) is 5.5× the size of Bitcast (SN93) by market capitalisation. Over the past 30 days, SN93 is ahead by 51.5 percentage points (SN93 +47.0% against SN4 -4.6%). Their daily returns move closely together (correlation 0.74 across 24 shared trading days). SN93 has been the more volatile of the two, at 154% annualised against SN4's 134%.

Correlation: 0.74
Size ratio: 1 : 5.5
Ahead over 30 days: SN93

BitcastSN93

$3.2400

24h: -2.38%
Market cap: $14.25M
Volume 24h: $256,441
Volatility (ann.): 154%

TargonSN4

$13.2600

24h: +1.76%
Market cap: $78.29M
Volume 24h: $920,910
Volatility (ann.): 134%

SN93 15.4%Share of the two combined market caps84.6% SN4

Performance

SN93SN4

7 days-0.98%-13.99%SN93
30 days+46.96%-4.59%SN93

Correlation

0.74over 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	SN93	SN4
Max drawdown (400d)	-23.8%	-24.4%
Risk-adjusted return (90d)	0.30	0.17

Relative strength over 90 days: SN93 outperformed SN4 by 20.3% — measured on the SN93/SN4 ratio, so it holds regardless of market direction.

Bitcast →Targon →