Blockmachine vs Targon

Targon (SN4) is 7.3× the size of Blockmachine (SN19) by market capitalisation. Over the past 30 days, SN19 is ahead by 17.1 percentage points (SN19 +12.6% against SN4 -4.6%). Their daily returns move very closely together (correlation 0.95 across 24 shared trading days). SN4 has been the more volatile of the two, at 134% annualised against SN19's 106%.

Correlation: 0.95
Size ratio: 1 : 7.3
Ahead over 30 days: SN19

BlockmachineSN19

$2.0200

24h: -0.29%
Market cap: $10.82M
Volume 24h: $10,573
Volatility (ann.): 106%

TargonSN4

$13.3400

24h: +2.76%
Market cap: $78.78M
Volume 24h: $855,681
Volatility (ann.): 134%

SN19 12.1%Share of the two combined market caps87.9% SN4

Performance

SN19SN4

7 days-2.46%-13.99%SN19
30 days+12.55%-4.59%SN19

Correlation

0.95over 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	SN19	SN4
Max drawdown (400d)	-22.8%	-24.4%
Risk-adjusted return (90d)	0.12	0.17

Relative strength over 90 days: SN4 outperformed SN19 by 7.8% — measured on the SN19/SN4 ratio, so it holds regardless of market direction.

Blockmachine →Targon →