BitMind vs Targon

Targon (SN4) is 5.1× the size of BitMind (SN34) by market capitalisation. Over the past 30 days, SN34 is ahead by 28.3 percentage points (SN34 +23.7% against SN4 -4.6%). Their daily returns move very closely together (correlation 0.96 across 24 shared trading days). SN4 has been the more volatile of the two, at 134% annualised against SN34's 104%.

Correlation: 0.96
Size ratio: 1 : 5.1
Ahead over 30 days: SN34

BitMindSN34

$2.7300

24h: +0.02%
Market cap: $15.51M
Volume 24h: $49,288
Volatility (ann.): 104%

TargonSN4

$13.3400

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

SN34 16.5%Share of the two combined market caps83.5% SN4

Performance

SN34SN4

7 days+3.15%-13.99%SN34
30 days+23.71%-4.59%SN34

Correlation

0.96over 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	SN34	SN4
Max drawdown (400d)	-19.5%	-24.4%
Risk-adjusted return (90d)	0.23	0.17

Relative strength over 90 days: SN34 outperformed SN4 by 1.3% — measured on the SN34/SN4 ratio, so it holds regardless of market direction.

BitMind →Targon →