CheckerChain vs Targon

Targon (SN4) is 66.6× the size of CheckerChain (SN87) by market capitalisation. Over the past 30 days, SN87 is ahead by 69.3 percentage points (SN87 +64.7% against SN4 -4.6%). Their daily returns move very closely together (correlation 0.93 across 22 shared trading days). SN4 has been the more volatile of the two, at 134% annualised against SN87's 113%.

Correlation: 0.93
Size ratio: 1 : 66.6
Ahead over 30 days: SN87

CheckerChainSN87

$0.714620

24h: -1.76%
Market cap: $1.18M
Volume 24h: $258,778
Volatility (ann.): 113%

TargonSN4

$13.2700

24h: +2.29%
Market cap: $78.33M
Volume 24h: $842,653
Volatility (ann.): 134%

SN87 1.5%Share of the two combined market caps98.5% SN4

Performance

SN87SN4

7 days+17.07%-13.99%SN87
30 days+64.68%-4.59%SN87

Correlation

0.93over 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	SN87	SN4
Max drawdown (400d)	-14.1%	-24.4%
Risk-adjusted return (90d)	0.57	0.17

Relative strength over 90 days: SN87 outperformed SN4 by 30.4% — measured on the SN87/SN4 ratio, so it holds regardless of market direction.

CheckerChain →Targon →