True Performance Network vs Targon

Targon (SN4) is 22.8× the size of True Performance Network (SN65) by market capitalisation. Over the past 30 days, SN4 is ahead by 1.4 percentage points (SN65 -6.0% against SN4 -4.6%). Their daily returns move very closely together (correlation 0.93 across 23 shared trading days). SN4 has been the more volatile of the two, at 134% annualised against SN65's 107%.

Correlation: 0.93
Size ratio: 1 : 22.8
Ahead over 30 days: SN4

True Performance NetworkSN65

$0.666170

24h: -4.36%
Market cap: $3.40M
Volume 24h: $720,786
Volatility (ann.): 107%

TargonSN4

$13.1600

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

SN65 4.2%Share of the two combined market caps95.8% SN4

Performance

SN65SN4

7 days-0.65%-13.99%SN65
30 days-5.96%-4.59%SN4

Correlation

0.93over 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	SN65	SN4
Max drawdown (400d)	-28.3%	-24.4%
Risk-adjusted return (90d)	-0.06	0.17

Relative strength over 90 days: SN4 outperformed SN65 by 23.7% — measured on the SN65/SN4 ratio, so it holds regardless of market direction.

True Performance Network →Targon →