Desearch vs Targon

Targon (SN4) is 24.8× the size of Desearch (SN22) by market capitalisation. Over the past 30 days, SN22 is ahead by 24.8 percentage points (SN22 +20.2% against SN4 -4.6%). Their daily returns move very closely together (correlation 0.94 across 23 shared trading days). SN4 has been the more volatile of the two, at 134% annualised against SN22's 104%.

Correlation: 0.94
Size ratio: 1 : 24.8
Ahead over 30 days: SN22

DesearchSN22

$0.626226

24h: -1.87%
Market cap: $3.18M
Volume 24h: $21,149
Volatility (ann.): 104%

TargonSN4

$13.3400

24h: +2.76%
Market cap: $78.78M
Volume 24h: $855,681
Volatility (ann.): 134%

SN22 3.9%Share of the two combined market caps96.1% SN4

Performance

SN22SN4

7 days-3.78%-13.99%SN22
30 days+20.21%-4.59%SN22

Correlation

0.94over 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	SN22	SN4
Max drawdown (400d)	-21.1%	-24.4%
Risk-adjusted return (90d)	0.19	0.17

Relative strength over 90 days: SN4 outperformed SN22 by 2.3% — measured on the SN22/SN4 ratio, so it holds regardless of market direction.

Desearch →Targon →