Sportstensor vs Targon

Targon (SN4) is 8.3× the size of Sportstensor (SN41) by market capitalisation. Over the past 30 days, SN41 is ahead by 111.4 percentage points (SN41 +106.8% against SN4 -4.6%). Their daily returns move very closely together (correlation 0.92 across 24 shared trading days). SN41 has been the more volatile of the two, at 159% annualised against SN4's 134%.

Correlation: 0.92
Size ratio: 1 : 8.3
Ahead over 30 days: SN41

SportstensorSN41

$1.9000

24h: +0.41%
Market cap: $9.62M
Volume 24h: $91,830
Volatility (ann.): 159%

TargonSN4

$13.5900

24h: +3.19%
Market cap: $80.23M
Volume 24h: $927,689
Volatility (ann.): 134%

SN41 10.7%Share of the two combined market caps89.3% SN4

Performance

SN41SN4

7 days+29.79%-13.99%SN41
30 days+106.78%-4.59%SN41

Correlation

0.92over 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	SN41	SN4
Max drawdown (400d)	-15.0%	-24.4%
Risk-adjusted return (90d)	0.67	0.17

Relative strength over 90 days: SN41 outperformed SN4 by 69.3% — measured on the SN41/SN4 ratio, so it holds regardless of market direction.

Sportstensor →Targon →