InfiniteHash vs Targon

Targon (SN4) is 25.8× the size of InfiniteHash (SN89) by market capitalisation. Over the past 30 days, SN89 is ahead by 17.2 percentage points (SN89 +12.6% against SN4 -4.6%). Their daily returns move very closely together (correlation 0.96 across 23 shared trading days). SN4 has been the more volatile of the two, at 134% annualised against SN89's 101%.

Correlation: 0.96
Size ratio: 1 : 25.8
Ahead over 30 days: SN89

InfiniteHashSN89

$0.657659

24h: +0.09%
Market cap: $3.03M
Volume 24h: $1,357
Volatility (ann.): 101%

TargonSN4

$13.2200

24h: -0.21%
Market cap: $78.07M
Volume 24h: $901,762
Volatility (ann.): 134%

SN89 3.7%Share of the two combined market caps96.3% SN4

Performance

SN89SN4

7 days-2.86%-13.99%SN89
30 days+12.60%-4.59%SN89

Correlation

0.96over 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	SN89	SN4
Max drawdown (400d)	-22.4%	-24.4%
Risk-adjusted return (90d)	0.12	0.17

Relative strength over 90 days: SN4 outperformed SN89 by 9.1% — measured on the SN89/SN4 ratio, so it holds regardless of market direction.

InfiniteHash →Targon →