Mantis vs Targon

Targon (SN4) is 36.1× the size of Mantis (SN123) by market capitalisation. Over the past 30 days, SN123 is ahead by 17.8 percentage points (SN123 +13.2% against SN4 -4.6%). Their daily returns move very closely together (correlation 0.97 across 23 shared trading days). SN4 has been the more volatile of the two, at 134% annualised against SN123's 108%.

Correlation: 0.97
Size ratio: 1 : 36.1
Ahead over 30 days: SN123

MantisSN123

$0.515657

24h: +0.24%
Market cap: $2.24M
Volume 24h: $87,980
Volatility (ann.): 108%

TargonSN4

$13.6600

24h: +4.80%
Market cap: $80.67M
Volume 24h: $839,990
Volatility (ann.): 134%

SN123 2.7%Share of the two combined market caps97.3% SN4

Performance

SN123SN4

7 days-5.37%-13.99%SN123
30 days+13.20%-4.59%SN123

Correlation

0.97over 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	SN123	SN4
Max drawdown (400d)	-24.9%	-24.4%
Risk-adjusted return (90d)	0.12	0.17

Relative strength over 90 days: SN4 outperformed SN123 by 8.3% — measured on the SN123/SN4 ratio, so it holds regardless of market direction.

Mantis →Targon →