AFTERHOURS (AFTERHOURS) and Bordrless (BORDR) compared side by side. Over the past 30 days, AFTERHOURS is ahead by 180.5 percentage points (AFTERHOURS +81.1% against BORDR -99.5%). Their daily returns move barely together (correlation 0.32 across 20 shared trading days). Both have run at a similar volatility, around 923% annualised.
AFTERHOURSBORDR
0.32over 20 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 | AFTERHOURS | BORDR |
|---|---|---|
| Max drawdown (400d) | -65.9% | -99.8% |
| Risk-adjusted return (90d) | 0.09 | -0.10 |
Relative strength over 90 days: BORDR outperformed AFTERHOURS by 34.9% — measured on the AFTERHOURS/BORDR ratio, so it holds regardless of market direction.