Nodexo vs Targon

Targon (SN4) is 44.4× the size of Nodexo (SN106) by market capitalisation. Over the past 30 days, SN4 is ahead by 6.0 percentage points (SN106 -10.6% against SN4 -4.6%). Their daily returns move very closely together (correlation 0.94 across 23 shared trading days). Both have run at a similar volatility, around 134% annualised.

Correlation: 0.94
Size ratio: 1 : 44.4
Ahead over 30 days: SN4

NodexoSN106

$0.490525

24h: -0.60%
Market cap: $1.76M
Volume 24h: $235,395
Volatility (ann.): 134%

TargonSN4

$13.2700

24h: +2.29%
Market cap: $78.33M
Volume 24h: $842,653
Volatility (ann.): 134%

SN106 2.2%Share of the two combined market caps97.8% SN4

Performance

SN106SN4

7 days-19.08%-13.99%SN4
30 days-10.61%-4.59%SN4

Correlation

0.94over 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	SN106	SN4
Max drawdown (400d)	-31.3%	-24.4%
Risk-adjusted return (90d)	-0.08	0.17

Relative strength over 90 days: SN4 outperformed SN106 by 27.5% — measured on the SN106/SN4 ratio, so it holds regardless of market direction.

Nodexo →Targon →