Abu Shalab (ABU) is 4.3× the size of Bordrless (BORDR) by market capitalisation. Over the past 30 days, ABU is ahead by 19.0 percentage points (ABU -80.8% against BORDR -99.7%). Their daily returns move barely together (correlation 0.10 across 24 shared trading days). Both have run at a similar volatility, around 967% annualised.
ABUBORDR
0.10over 24 shared trading days
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.
| Metric | ABU | BORDR |
|---|---|---|
| Max drawdown (400d) | -85.3% | -99.8% |
| Risk-adjusted return (90d) | -0.08 | -0.11 |
Relative strength over 90 days: ABU outperformed BORDR by 854.3% — measured on the ABU/BORDR ratio, so it holds regardless of market direction.