Distributed Training vs Targon

Targon (SN4) is 25.0× the size of Distributed Training (SN38) by market capitalisation. Over the past 30 days, SN38 is ahead by 253.5 percentage points (SN38 +248.9% against SN4 -4.6%). Their daily returns move very closely together (correlation 0.90 across 23 shared trading days). SN38 has been the more volatile of the two, at 251% annualised against SN4's 134%.

Correlation: 0.90
Size ratio: 1 : 25.0
Ahead over 30 days: SN38

Distributed TrainingSN38

$1.4000

24h: +3.49%
Market cap: $3.09M
Volume 24h: $137,460
Volatility (ann.): 251%

TargonSN4

$13.0900

24h: +1.25%
Market cap: $77.30M
Volume 24h: $680,278
Volatility (ann.): 134%

SN38 3.8%Share of the two combined market caps96.2% SN4

Performance

SN38SN4

7 days+79.73%-13.99%SN38
30 days+248.94%-4.59%SN38

Correlation

0.90over 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	SN38	SN4
Max drawdown (400d)	-30.9%	-24.4%
Risk-adjusted return (90d)	0.99	0.17

Relative strength over 90 days: SN38 outperformed SN4 by 175.8% — measured on the SN38/SN4 ratio, so it holds regardless of market direction.

Distributed Training →Targon →