Bitrecs vs Targon

Targon (SN4) is 467.8× the size of Bitrecs (SN122) by market capitalisation. Over the past 30 days, SN122 is ahead by 42.6 percentage points (SN122 +41.6% against SN4 -1.0%). Their daily returns move closely together (correlation 0.68 across 21 shared trading days). Both have run at a similar volatility, around 138% annualised.

Correlation: 0.68
Size ratio: 1 : 467.8
Ahead over 30 days: SN122

BitrecsSN122

$0.623487

24h: +4.25%
Market cap: $172,115
Volume 24h: $1
Volatility (ann.): 143%

TargonSN4

$13.6200

24h: +6.32%
Market cap: $80.51M
Volume 24h: $850,148
Volatility (ann.): 133%

SN122 0.2%Share of the two combined market caps99.8% SN4

Performance

SN122SN4

7 days+19.35%-7.54%SN122
30 days+41.63%-1.02%SN122

Correlation

0.68over 21 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	SN122	SN4
Max drawdown (400d)	-23.2%	-24.4%
Risk-adjusted return (90d)	0.29	0.21

Relative strength over 90 days: SN4 outperformed SN122 by 13.5% — measured on the SN122/SN4 ratio, so it holds regardless of market direction.

Bitrecs →Targon →