Ridges AI vs Targon

Targon (SN4) is 7.3× the size of Ridges AI (SN62) by market capitalisation. Over the past 30 days, SN62 is ahead by 29.2 percentage points (SN62 +24.6% against SN4 -4.6%). Their daily returns move very closely together (correlation 0.95 across 24 shared trading days). SN4 has been the more volatile of the two, at 134% annualised against SN62's 102%.

Correlation: 0.95
Size ratio: 1 : 7.3
Ahead over 30 days: SN62

Ridges AISN62

$1.8900

24h: -0.27%
Market cap: $10.72M
Volume 24h: $18,478
Volatility (ann.): 102%

TargonSN4

$13.2200

24h: +0.51%
Market cap: $78.15M
Volume 24h: $904,564
Volatility (ann.): 134%

SN62 12.1%Share of the two combined market caps87.9% SN4

Performance

SN62SN4

7 days+3.18%-13.99%SN62
30 days+24.62%-4.59%SN62

Correlation

0.95over 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	SN62	SN4
Max drawdown (400d)	-21.7%	-24.4%
Risk-adjusted return (90d)	0.24	0.17

Relative strength over 90 days: SN62 outperformed SN4 by 2.0% — measured on the SN62/SN4 ratio, so it holds regardless of market direction.

Ridges AI →Targon →