RedTeam vs Targon

Targon (SN4) is 12.2× the size of RedTeam (SN61) by market capitalisation. Over the past 30 days, SN61 is ahead by 62.6 percentage points (SN61 +58.0% against SN4 -4.6%). Their daily returns move barely in opposite directions (correlation -0.00 across 24 shared trading days). SN61 has been the more volatile of the two, at 199% annualised against SN4's 134%.

Correlation: -0.00
Size ratio: 1 : 12.2
Ahead over 30 days: SN61

RedTeamSN61

$1.1700

24h: -6.22%
Market cap: $6.60M
Volume 24h: $778,259
Volatility (ann.): 199%

TargonSN4

$13.5800

24h: +3.25%
Market cap: $80.18M
Volume 24h: $962,270
Volatility (ann.): 134%

SN61 7.6%Share of the two combined market caps92.4% SN4

Performance

SN61SN4

7 days+15.69%-13.99%SN61
30 days+58.04%-4.59%SN61

Correlation

-0.00over 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	SN61	SN4
Max drawdown (400d)	-40.5%	-24.4%
Risk-adjusted return (90d)	0.29	0.17

Relative strength over 90 days: SN61 outperformed SN4 by 21.8% — measured on the SN61/SN4 ratio, so it holds regardless of market direction.

RedTeam →Targon →