Targon vs Chutes

Chutes (SN64) is 1.2× the size of Targon (SN4) by market capitalisation. Over the past 30 days, SN4 is ahead by 2.5 percentage points (SN4 -1.0% against SN64 -3.5%). Their daily returns move very closely together (correlation 0.97 across 57 shared trading days). Both have run at a similar volatility, around 136% annualised.

Correlation: 0.97
Size ratio: 1 : 1.2
Ahead over 30 days: SN4

TargonSN4

$13.7100

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

ChutesSN64

$15.8900

24h: +5.62%
Market cap: $100.81M
Volume 24h: $502,933
Volatility (ann.): 140%

SN4 44.6%Share of the two combined market caps55.4% SN64

Performance

SN4SN64

7 days-7.54%-8.16%SN4
30 days-1.02%-3.47%SN4

Correlation

0.97over 57 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.9790d: 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	SN64
Max drawdown (400d)	-24.4%	-32.6%
Risk-adjusted return (90d)	0.21	0.03

Relative strength over 90 days: SN4 outperformed SN64 by 23.2% — measured on the SN4/SN64 ratio, so it holds regardless of market direction.

Targon →Chutes →