Oneoneone vs Targon

Targon (SN4) is 19.4× the size of Oneoneone (SN111) by market capitalisation. Over the past 30 days, SN4 is ahead by 11.4 percentage points (SN111 -16.0% against SN4 -4.6%). Their daily returns move very closely together (correlation 0.87 across 23 shared trading days). Both have run at a similar volatility, around 125% annualised.

Correlation: 0.87
Size ratio: 1 : 19.4
Ahead over 30 days: SN4

OneoneoneSN111

$0.913914

24h: -0.17%
Market cap: $4.02M
Volume 24h: $103,894
Volatility (ann.): 117%

TargonSN4

$13.2200

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

SN111 4.9%Share of the two combined market caps95.1% SN4

Performance

SN111SN4

7 days-3.52%-13.99%SN111
30 days-15.95%-4.59%SN4

Correlation

0.87over 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	SN111	SN4
Max drawdown (400d)	-35.1%	-24.4%
Risk-adjusted return (90d)	-0.14	0.17

Relative strength over 90 days: SN4 outperformed SN111 by 32.0% — measured on the SN111/SN4 ratio, so it holds regardless of market direction.

Oneoneone →Targon →