NOVA vs Targon

Targon (SN4) is 3.6× the size of NOVA (SN68) by market capitalisation. Over the past 30 days, SN68 is ahead by 26.5 percentage points (SN68 +21.9% against SN4 -4.6%). Their daily returns move very closely together (correlation 0.96 across 26 shared trading days). SN4 has been the more volatile of the two, at 134% annualised against SN68's 97%.

Correlation: 0.96
Size ratio: 1 : 3.6
Ahead over 30 days: SN68

NOVASN68

$3.9200

24h: +0.98%
Market cap: $21.45M
Volume 24h: $397,366
Volatility (ann.): 97%

TargonSN4

$13.2200

24h: -0.21%
Market cap: $78.07M
Volume 24h: $901,762
Volatility (ann.): 134%

SN68 21.6%Share of the two combined market caps78.4% SN4

Performance

SN68SN4

7 days-0.47%-13.99%SN68
30 days+21.88%-4.59%SN68

Correlation

0.96over 26 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.9690d: 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	SN68	SN4
Max drawdown (400d)	-18.3%	-24.4%
Risk-adjusted return (90d)	0.16	0.17

Relative strength over 90 days: SN68 outperformed SN4 by 0.2% — measured on the SN68/SN4 ratio, so it holds regardless of market direction.

NOVA →Targon →