Data Universe vs Targon

Targon (SN4) is 15.7× the size of Data Universe (SN13) by market capitalisation. Over the past 30 days, SN13 is ahead by 6.0 percentage points (SN13 +1.4% against SN4 -4.6%). Their daily returns move very closely together (correlation 0.95 across 24 shared trading days). SN4 has been the more volatile of the two, at 134% annualised against SN13's 98%.

Correlation: 0.95
Size ratio: 1 : 15.7
Ahead over 30 days: SN13

Data UniverseSN13

$0.884004

24h: -0.40%
Market cap: $4.97M
Volume 24h: $6,745
Volatility (ann.): 98%

TargonSN4

$13.2200

24h: +0.51%
Market cap: $78.15M
Volume 24h: $904,564
Volatility (ann.): 134%

SN13 6.0%Share of the two combined market caps94.0% SN4

Performance

SN13SN4

7 days-8.28%-13.99%SN13
30 days+1.41%-4.59%SN13

Correlation

0.95over 24 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	SN13	SN4
Max drawdown (400d)	-20.8%	-24.4%
Risk-adjusted return (90d)	0.01	0.17

Relative strength over 90 days: SN4 outperformed SN13 by 17.0% — measured on the SN13/SN4 ratio, so it holds regardless of market direction.

Data Universe →Targon →