OMEGA Labs vs Targon

Targon (SN4) is 5.1× the size of OMEGA Labs (SN24) by market capitalisation. Over the past 30 days, SN24 is ahead by 51.8 percentage points (SN24 +50.7% against SN4 -1.0%). Their daily returns move closely together (correlation 0.70 across 24 shared trading days). SN4 has been the more volatile of the two, at 133% annualised against SN24's 110%.

Correlation: 0.70
Size ratio: 1 : 5.1
Ahead over 30 days: SN24

OMEGA LabsSN24

$2.7100

24h: +1.98%
Market cap: $14.78M
Volume 24h: $987,248
Volatility (ann.): 110%

TargonSN4

$12.7400

24h: -6.51%
Market cap: $75.33M
Volume 24h: $482,500
Volatility (ann.): 133%

SN24 16.4%Share of the two combined market caps83.6% SN4

Performance

SN24SN4

7 days-1.42%-7.54%SN24
30 days+50.75%-1.02%SN24

Correlation

0.70over 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	SN24	SN4
Max drawdown (400d)	-11.3%	-24.4%
Risk-adjusted return (90d)	0.46	0.21

Relative strength over 90 days: SN24 outperformed SN4 by 23.4% — measured on the SN24/SN4 ratio, so it holds regardless of market direction.

OMEGA Labs →Targon →