Level 114 vs Targon

Targon (SN4) is 9.0× the size of Level 114 (SN114) by market capitalisation. Over the past 30 days, SN114 is ahead by 90.5 percentage points (SN114 +89.5% against SN4 -1.0%). Their daily returns move closely together (correlation 0.80 across 24 shared trading days). SN114 has been the more volatile of the two, at 154% annualised against SN4's 133%.

Correlation: 0.80
Size ratio: 1 : 9.0
Ahead over 30 days: SN114

Level 114SN114

$3.9500

24h: -0.81%
Market cap: $8.94M
Volume 24h: $506,099
Volatility (ann.): 154%

TargonSN4

$13.6300

24h: +2.17%
Market cap: $80.60M
Volume 24h: $554,804
Volatility (ann.): 133%

SN114 10.0%Share of the two combined market caps90.0% SN4

Performance

SN114SN4

7 days+13.91%-7.54%SN114
30 days+89.46%-1.02%SN114

Correlation

0.80over 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	SN114	SN4
Max drawdown (400d)	-15.8%	-24.4%
Risk-adjusted return (90d)	0.58	0.21

Relative strength over 90 days: SN114 outperformed SN4 by 55.1% — measured on the SN114/SN4 ratio, so it holds regardless of market direction.

Level 114 →Targon →