Dippy vs Targon

Targon (SN4) is 11.0× the size of Dippy (SN11) by market capitalisation. Over the past 30 days, SN11 is ahead by 29.6 percentage points (SN11 +25.0% against SN4 -4.6%). Their daily returns move closely together (correlation 0.85 across 24 shared trading days). Both have run at a similar volatility, around 134% annualised.

Correlation: 0.85
Size ratio: 1 : 11.0
Ahead over 30 days: SN11

DippySN11

$1.4000

24h: -1.52%
Market cap: $7.18M
Volume 24h: $171,633
Volatility (ann.): 134%

TargonSN4

$13.3400

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

SN11 8.4%Share of the two combined market caps91.6% SN4

Performance

SN11SN4

7 days-3.69%-13.99%SN11
30 days+25.00%-4.59%SN11

Correlation

0.85over 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	SN11	SN4
Max drawdown (400d)	-23.1%	-24.4%
Risk-adjusted return (90d)	0.19	0.17

Relative strength over 90 days: SN11 outperformed SN4 by 2.4% — measured on the SN11/SN4 ratio, so it holds regardless of market direction.

Dippy →Targon →