Liquidity vs Targon

Targon (SN4) is 12.9× the size of Liquidity (SN77) by market capitalisation. Over the past 30 days, SN77 is ahead by 15.3 percentage points (SN77 +10.7% against SN4 -4.6%). Their daily returns move very closely together (correlation 0.96 across 24 shared trading days). SN4 has been the more volatile of the two, at 134% annualised against SN77's 102%.

Correlation: 0.96
Size ratio: 1 : 12.9
Ahead over 30 days: SN77

LiquiditySN77

$1.0370

24h: -0.20%
Market cap: $6.00M
Volume 24h: $1,200
Volatility (ann.): 102%

TargonSN4

$13.1300

24h: +1.97%
Market cap: $77.54M
Volume 24h: $683,304
Volatility (ann.): 134%

SN77 7.2%Share of the two combined market caps92.8% SN4

Performance

SN77SN4

7 days-2.52%-13.99%SN77
30 days+10.71%-4.59%SN77

Correlation

0.96over 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	SN77	SN4
Max drawdown (400d)	-21.2%	-24.4%
Risk-adjusted return (90d)	0.10	0.17

Relative strength over 90 days: SN4 outperformed SN77 by 9.3% — measured on the SN77/SN4 ratio, so it holds regardless of market direction.

Liquidity →Targon →