Ditto vs Targon

Targon (SN4) is 30.7× the size of Ditto (SN118) by market capitalisation. Over the past 30 days, SN4 is ahead by 0.3 percentage points (SN118 -4.9% against SN4 -4.6%). Their daily returns move closely together (correlation 0.81 across 23 shared trading days). SN118 has been the more volatile of the two, at 179% annualised against SN4's 134%.

Correlation: 0.81
Size ratio: 1 : 30.7
Ahead over 30 days: SN4

DittoSN118

$0.843418

24h: -2.91%
Market cap: $2.54M
Volume 24h: $452,662
Volatility (ann.): 179%

TargonSN4

$13.2400

24h: +0.37%
Market cap: $78.13M
Volume 24h: $904,876
Volatility (ann.): 134%

SN118 3.2%Share of the two combined market caps96.8% SN4

Performance

SN118SN4

7 days+10.85%-13.99%SN118
30 days-4.86%-4.59%SN4

Correlation

0.81over 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	SN118	SN4
Max drawdown (400d)	-34.9%	-24.4%
Risk-adjusted return (90d)	-0.03	0.17

Relative strength over 90 days: SN4 outperformed SN118 by 23.1% — measured on the SN118/SN4 ratio, so it holds regardless of market direction.

Ditto →Targon →