ORO vs Targon

Targon (SN4) is 9.3× the size of ORO (SN15) by market capitalisation. Over the past 30 days, SN4 is ahead by 9.0 percentage points (SN15 -13.6% against SN4 -4.6%). Their daily returns move very closely together (correlation 0.87 across 24 shared trading days). Both have run at a similar volatility, around 130% annualised.

Correlation: 0.87
Size ratio: 1 : 9.3
Ahead over 30 days: SN4

OROSN15

$4.0200

24h: +0.35%
Market cap: $8.47M
Volume 24h: $135,615
Volatility (ann.): 125%

TargonSN4

$13.3400

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

SN15 9.7%Share of the two combined market caps90.3% SN4

Performance

SN15SN4

7 days-4.01%-13.99%SN15
30 days-13.60%-4.59%SN4

Correlation

0.87over 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	SN15	SN4
Max drawdown (400d)	-30.0%	-24.4%
Risk-adjusted return (90d)	-0.11	0.17

Relative strength over 90 days: SN4 outperformed SN15 by 29.3% — measured on the SN15/SN4 ratio, so it holds regardless of market direction.

ORO →Targon →