Targon vs lium

lium (SN51) is 1.7× the size of Targon (SN4) by market capitalisation. Over the past 30 days, SN51 is ahead by 22.6 percentage points (SN4 -1.0% against SN51 +21.6%). Their daily returns move very closely together (correlation 0.86 across 57 shared trading days). Both have run at a similar volatility, around 136% annualised.

Correlation: 0.86
Size ratio: 1 : 1.7
Ahead over 30 days: SN51

TargonSN4

$13.7100

24h: +6.57%
Market cap: $81.17M
Volume 24h: $913,557
Volatility (ann.): 133%

liumSN51

$27.7500

24h: +6.54%
Market cap: $140.85M
Volume 24h: $1.56M
Volatility (ann.): 139%

SN4 36.6%Share of the two combined market caps63.4% SN51

Performance

SN4SN51

7 days-7.54%-12.01%SN4
30 days-1.02%+21.60%SN51

Correlation

0.86over 57 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.8490d: 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	SN4	SN51
Max drawdown (400d)	-24.4%	-19.1%
Risk-adjusted return (90d)	0.21	0.66

Relative strength over 90 days: SN51 outperformed SN4 by 33.2% — measured on the SN4/SN51 ratio, so it holds regardless of market direction.

Targon →lium →