Cacheon vs Targon

Targon (SN4) is 7.5× the size of Cacheon (SN14) by market capitalisation. Over the past 30 days, SN14 is ahead by 23.1 percentage points (SN14 +18.5% against SN4 -4.6%). Their daily returns move very closely together (correlation 0.97 across 24 shared trading days). SN4 has been the more volatile of the two, at 134% annualised against SN14's 98%.

Correlation: 0.97
Size ratio: 1 : 7.5
Ahead over 30 days: SN14

CacheonSN14

$2.1300

24h: +0.46%
Market cap: $10.76M
Volume 24h: $221,360
Volatility (ann.): 98%

TargonSN4

$13.6500

24h: +3.71%
Market cap: $80.61M
Volume 24h: $920,760
Volatility (ann.): 134%

SN14 11.8%Share of the two combined market caps88.2% SN4

Performance

SN14SN4

7 days+0.75%-13.99%SN14
30 days+18.50%-4.59%SN14

Correlation

0.97over 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	SN14	SN4
Max drawdown (400d)	-20.2%	-24.4%
Risk-adjusted return (90d)	0.19	0.17

Relative strength over 90 days: SN4 outperformed SN14 by 3.0% — measured on the SN14/SN4 ratio, so it holds regardless of market direction.

Cacheon →Targon →