Synth vs Targon

Targon (SN4) is 18.0× the size of Synth (SN50) by market capitalisation. Over the past 30 days, SN4 is ahead by 12.3 percentage points (SN50 -16.9% against SN4 -4.6%). Their daily returns move very closely together (correlation 0.89 across 24 shared trading days). SN4 has been the more volatile of the two, at 134% annualised against SN50's 99%.

Correlation: 0.89
Size ratio: 1 : 18.0
Ahead over 30 days: SN4

SynthSN50

$0.797100

24h: +0.81%
Market cap: $4.46M
Volume 24h: $112,261
Volatility (ann.): 99%

TargonSN4

$13.6200

24h: +4.37%
Market cap: $80.42M
Volume 24h: $848,625
Volatility (ann.): 134%

SN50 5.3%Share of the two combined market caps94.7% SN4

Performance

SN50SN4

7 days-3.28%-13.99%SN50
30 days-16.90%-4.59%SN4

Correlation

0.89over 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	SN50	SN4
Max drawdown (400d)	-32.0%	-24.4%
Risk-adjusted return (90d)	-0.17	0.17

Relative strength over 90 days: SN4 outperformed SN50 by 31.9% — measured on the SN50/SN4 ratio, so it holds regardless of market direction.

Synth →Targon →