SolMev vs Targon

Targon (SN4) is 30.2× the size of SolMev (SN116) by market capitalisation. Over the past 30 days, SN4 is ahead by 57.3 percentage points (SN116 -61.9% against SN4 -4.6%). Their daily returns move loosely in opposite directions (correlation -0.48 across 21 shared trading days). SN116 has been the more volatile of the two, at 212% annualised against SN4's 134%.

Correlation: -0.48
Size ratio: 1 : 30.2
Ahead over 30 days: SN4

SolMevSN116

$9.4700

24h: +15.99%
Market cap: $2.58M
Volume 24h: $324,322
Volatility (ann.): 212%

TargonSN4

$13.1600

24h: -0.14%
Market cap: $77.70M
Volume 24h: $915,513
Volatility (ann.): 134%

SN116 3.2%Share of the two combined market caps96.8% SN4

Performance

SN116SN4

7 days-6.29%-13.99%SN116
30 days-61.93%-4.59%SN4

Correlation

-0.48over 21 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	SN116	SN4
Max drawdown (400d)	-66.9%	-24.4%
Risk-adjusted return (90d)	-0.29	0.17

Relative strength over 90 days: SN4 outperformed SN116 by 71.4% — measured on the SN116/SN4 ratio, so it holds regardless of market direction.

SolMev →Targon →