FakeNews vs Targon

Targon (SN4) is 26.6× the size of FakeNews (SN66) by market capitalisation. Over the past 30 days, SN66 is ahead by 79.6 percentage points (SN66 +75.0% against SN4 -4.6%). Their daily returns move barely in opposite directions (correlation -0.18 across 23 shared trading days). SN66 has been the more volatile of the two, at 236% annualised against SN4's 134%.

Correlation: -0.18
Size ratio: 1 : 26.6
Ahead over 30 days: SN66

FakeNewsSN66

$0.555919

24h: +1.61%
Market cap: $2.93M
Volume 24h: $118,207
Volatility (ann.): 236%

TargonSN4

$13.1600

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

SN66 3.6%Share of the two combined market caps96.4% SN4

Performance

SN66SN4

7 days+8.34%-13.99%SN66
30 days+75.05%-4.59%SN66

Correlation

-0.18over 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	SN66	SN4
Max drawdown (400d)	-22.3%	-24.4%
Risk-adjusted return (90d)	0.32	0.17

Relative strength over 90 days: SN66 outperformed SN4 by 43.4% — measured on the SN66/SN4 ratio, so it holds regardless of market direction.

FakeNews →Targon →