Sundae_Bar vs Targon

Targon (SN4) is 31.3× the size of Sundae_Bar (SN121) by market capitalisation. Over the past 30 days, SN121 is ahead by 17.8 percentage points (SN121 +13.2% against SN4 -4.6%). Their daily returns move very closely together (correlation 0.92 across 23 shared trading days). Both have run at a similar volatility, around 125% annualised.

Correlation: 0.92
Size ratio: 1 : 31.3
Ahead over 30 days: SN121

Sundae_BarSN121

$0.765471

24h: +0.09%
Market cap: $2.50M
Volume 24h: $1,030
Volatility (ann.): 117%

TargonSN4

$13.2200

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

SN121 3.1%Share of the two combined market caps96.9% SN4

Performance

SN121SN4

7 days-1.63%-13.99%SN121
30 days+13.19%-4.59%SN121

Correlation

0.92over 23 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	SN121	SN4
Max drawdown (400d)	-27.6%	-24.4%
Risk-adjusted return (90d)	0.11	0.17

Relative strength over 90 days: SN4 outperformed SN121 by 8.5% — measured on the SN121/SN4 ratio, so it holds regardless of market direction.

Sundae_Bar →Targon →