Chunking vs Targon

Targon (SN4) is 166.3× the size of Chunking (SN40) by market capitalisation. Over the past 30 days, SN4 is ahead by 28.1 percentage points (SN40 -32.7% against SN4 -4.6%). Their daily returns move closely together (correlation 0.72 across 22 shared trading days). SN4 has been the more volatile of the two, at 134% annualised against SN40's 111%.

Correlation: 0.72
Size ratio: 1 : 166.3
Ahead over 30 days: SN4

ChunkingSN40

$0.383068

24h: -0.33%
Market cap: $482,243
Volume 24h: $1,123
Volatility (ann.): 111%

TargonSN4

$13.5800

24h: +3.40%
Market cap: $80.20M
Volume 24h: $1.00M
Volatility (ann.): 134%

SN40 0.6%Share of the two combined market caps99.4% SN4

Performance

SN40SN4

7 days-4.75%-13.99%SN40
30 days-32.66%-4.59%SN4

Correlation

0.72over 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	SN40	SN4
Max drawdown (400d)	-42.9%	-24.4%
Risk-adjusted return (90d)	-0.29	0.17

Relative strength over 90 days: SN4 outperformed SN40 by 47.2% — measured on the SN40/SN4 ratio, so it holds regardless of market direction.

Chunking →Targon →