NI Compute vs Targon

Targon (SN4) is 30.9× the size of NI Compute (SN27) by market capitalisation. Over the past 30 days, SN27 is ahead by 15.6 percentage points (SN27 +11.0% against SN4 -4.6%). Their daily returns move very closely together (correlation 0.96 across 23 shared trading days). SN4 has been the more volatile of the two, at 134% annualised against SN27's 105%.

Correlation: 0.96
Size ratio: 1 : 30.9
Ahead over 30 days: SN27

NI ComputeSN27

$0.510257

24h: -0.01%
Market cap: $2.53M
Volume 24h: $25,680
Volatility (ann.): 105%

TargonSN4

$13.2200

24h: +0.51%
Market cap: $78.15M
Volume 24h: $904,564
Volatility (ann.): 134%

SN27 3.1%Share of the two combined market caps96.9% SN4

Performance

SN27SN4

7 days-7.49%-13.99%SN27
30 days+10.98%-4.59%SN27

Correlation

0.96over 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	SN27	SN4
Max drawdown (400d)	-22.9%	-24.4%
Risk-adjusted return (90d)	0.10	0.17

Relative strength over 90 days: SN4 outperformed SN27 by 9.8% — measured on the SN27/SN4 ratio, so it holds regardless of market direction.

NI Compute →Targon →