basilica vs Targon

Targon (SN4) is 10.3× the size of basilica (SN39) by market capitalisation. Over the past 30 days, SN39 is ahead by 0.3 percentage points (SN39 -4.3% against SN4 -4.6%). Their daily returns move closely together (correlation 0.84 across 24 shared trading days). Both have run at a similar volatility, around 135% annualised.

Correlation: 0.84
Size ratio: 1 : 10.3
Ahead over 30 days: SN39

basilicaSN39

$1.6700

24h: -11.04%
Market cap: $7.86M
Volume 24h: $408,678
Volatility (ann.): 136%

TargonSN4

$13.6500

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

SN39 8.9%Share of the two combined market caps91.1% SN4

Performance

SN39SN4

7 days-9.82%-13.99%SN39
30 days-4.27%-4.59%SN39

Correlation

0.84over 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	SN39	SN4
Max drawdown (400d)	-23.9%	-24.4%
Risk-adjusted return (90d)	-0.03	0.17

Relative strength over 90 days: SN4 outperformed SN39 by 21.6% — measured on the SN39/SN4 ratio, so it holds regardless of market direction.

basilica →Targon →