ForeverMoney vs Targon

Targon (SN4) is 40.4× the size of ForeverMoney (SN98) by market capitalisation. Over the past 30 days, SN4 is ahead by 0.2 percentage points (SN98 -4.8% against SN4 -4.6%). Their daily returns move closely together (correlation 0.83 across 23 shared trading days). Both have run at a similar volatility, around 127% annualised.

Correlation: 0.83
Size ratio: 1 : 40.4
Ahead over 30 days: SN4

ForeverMoneySN98

$0.490073

24h: +2.05%
Market cap: $1.92M
Volume 24h: $26,546
Volatility (ann.): 121%

TargonSN4

$13.1600

24h: -0.14%
Market cap: $77.70M
Volume 24h: $915,513
Volatility (ann.): 134%

SN98 2.4%Share of the two combined market caps97.6% SN4

Performance

SN98SN4

7 days-15.42%-13.99%SN4
30 days-4.82%-4.59%SN4

Correlation

0.83over 23 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	SN98	SN4
Max drawdown (400d)	-24.9%	-24.4%
Risk-adjusted return (90d)	-0.04	0.17

Relative strength over 90 days: SN4 outperformed SN98 by 22.6% — measured on the SN98/SN4 ratio, so it holds regardless of market direction.

ForeverMoney →Targon →