Amoeba Farm (AMBA) and Bordrless (BORDR) compared side by side. Over the past 30 days, AMBA is ahead by 0.8 percentage points (AMBA -98.7% against BORDR -99.5%). Their daily returns move barely together (correlation 0.28 across 32 shared trading days). AMBA has been the more volatile of the two, at 16309% annualised against BORDR's 944%.
AMBABORDR
0.28over 32 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 | AMBA | BORDR |
|---|---|---|
| Max drawdown (400d) | -99.0% | -99.8% |
| Risk-adjusted return (90d) | -0.01 | -0.10 |
Relative strength over 90 days: BORDR outperformed AMBA by 49.9% — measured on the AMBA/BORDR ratio, so it holds regardless of market direction.