Pareton vs Targon

Targon (SN4) is 14.6× the size of Pareton (SN10) by market capitalisation. Over the past 30 days, SN4 is ahead by 34.5 percentage points (SN10 -39.1% against SN4 -4.6%). Their daily returns move closely together (correlation 0.74 across 25 shared trading days). SN10 has been the more volatile of the two, at 207% annualised against SN4's 134%.

Correlation: 0.74
Size ratio: 1 : 14.6
Ahead over 30 days: SN4

ParetonSN10

$1.0020

24h: -0.58%
Market cap: $5.39M
Volume 24h: $78,804
Volatility (ann.): 207%

TargonSN4

$13.3400

24h: +2.76%
Market cap: $78.78M
Volume 24h: $855,681
Volatility (ann.): 134%

SN10 6.4%Share of the two combined market caps93.6% SN4

Performance

SN10SN4

7 days-48.42%-13.99%SN4
30 days-39.06%-4.59%SN4

Correlation

0.74over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.7490d: 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	SN10	SN4
Max drawdown (400d)	-49.9%	-24.4%
Risk-adjusted return (90d)	-0.19	0.17

Relative strength over 90 days: SN4 outperformed SN10 by 41.4% — measured on the SN10/SN4 ratio, so it holds regardless of market direction.

Pareton →Targon →