grail vs Targon

Targon (SN4) is 14.8× the size of grail (SN81) by market capitalisation. Over the past 30 days, SN81 is ahead by 8.3 percentage points (SN81 +3.7% against SN4 -4.6%). Their daily returns move very closely together (correlation 0.96 across 24 shared trading days). Both have run at a similar volatility, around 137% annualised.

Correlation: 0.96
Size ratio: 1 : 14.8
Ahead over 30 days: SN81

grailSN81

$1.0870

24h: -0.48%
Market cap: $5.25M
Volume 24h: $41,638
Volatility (ann.): 141%

TargonSN4

$13.2100

24h: +2.31%
Market cap: $77.98M
Volume 24h: $689,648
Volatility (ann.): 134%

SN81 6.3%Share of the two combined market caps93.7% SN4

Performance

SN81SN4

7 days-14.87%-13.99%SN4
30 days+3.75%-4.59%SN81

Correlation

0.96over 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	SN81	SN4
Max drawdown (400d)	-26.0%	-24.4%
Risk-adjusted return (90d)	0.03	0.17

Relative strength over 90 days: SN4 outperformed SN81 by 15.0% — measured on the SN81/SN4 ratio, so it holds regardless of market direction.

grail →Targon →