Quantum Compute vs Targon

Targon (SN4) is 7.9× the size of Quantum Compute (SN48) by market capitalisation. Over the past 30 days, SN48 is ahead by 24.9 percentage points (SN48 +20.4% against SN4 -4.6%). Their daily returns move very closely together (correlation 0.98 across 23 shared trading days). SN4 has been the more volatile of the two, at 134% annualised against SN48's 99%.

Correlation: 0.98
Size ratio: 1 : 7.9
Ahead over 30 days: SN48

Quantum ComputeSN48

$1.8200

24h: +0.30%
Market cap: $10.04M
Volume 24h: $113,246
Volatility (ann.): 99%

TargonSN4

$13.4000

24h: +1.69%
Market cap: $79.10M
Volume 24h: $895,001
Volatility (ann.): 134%

SN48 11.3%Share of the two combined market caps88.7% SN4

Performance

SN48SN4

7 days-0.81%-13.99%SN48
30 days+20.35%-4.59%SN48

Correlation

0.98over 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	SN48	SN4
Max drawdown (400d)	-20.9%	-24.4%
Risk-adjusted return (90d)	0.21	0.17

Relative strength over 90 days: SN4 outperformed SN48 by 2.7% — measured on the SN48/SN4 ratio, so it holds regardless of market direction.

Quantum Compute →Targon →