Candles vs Targon

Targon (SN4) is 55.0× the size of Candles (SN31) by market capitalisation. Over the past 30 days, SN31 is ahead by 12.6 percentage points (SN31 +8.0% against SN4 -4.6%). Their daily returns move very closely together (correlation 0.91 across 22 shared trading days). Both have run at a similar volatility, around 130% annualised.

Correlation: 0.91
Size ratio: 1 : 55.0
Ahead over 30 days: SN31

CandlesSN31

$0.851411

24h: +6.19%
Market cap: $1.44M
Volume 24h: $54,255
Volatility (ann.): 126%

TargonSN4

$13.4000

24h: +1.69%
Market cap: $79.10M
Volume 24h: $895,001
Volatility (ann.): 134%

SN31 1.8%Share of the two combined market caps98.2% SN4

Performance

SN31SN4

7 days+6.09%-13.99%SN31
30 days+7.96%-4.59%SN31

Correlation

0.91over 22 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	SN31	SN4
Max drawdown (400d)	-24.1%	-24.4%
Risk-adjusted return (90d)	0.06	0.17

Relative strength over 90 days: SN4 outperformed SN31 by 17.9% — measured on the SN31/SN4 ratio, so it holds regardless of market direction.

Candles →Targon →