Covert Chameleon vs Bordrless

Covert Chameleon (COVERT) and Bordrless (BORDR) compared side by side. Over the past 30 days, COVERT is ahead by 6.7 percentage points (COVERT -93.1% against BORDR -99.7%). Their daily returns move loosely together (correlation 0.37 across 20 shared trading days). COVERT has been the more volatile of the two, at 1158% annualised against BORDR's 919%.

Correlation: 0.37
Ahead over 30 days: COVERT

Covert ChameleonCOVERT

$4.294e-6

24h: +0.08%
Market cap: —
Volume 24h: $65
Volatility (ann.): 1158%

BordrlessBORDR

$2.055e-5

24h: +23.32%
Market cap: $20,548
Volume 24h: $1.10M
Volatility (ann.): 919%

COVERT 0.0%Share of the two combined market caps100.0% BORDR

Performance

COVERTBORDR

7 days-23.87%-35.15%COVERT
30 days-93.05%-99.72%COVERT

Correlation

0.37over 20 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	COVERT	BORDR
Max drawdown (400d)	-94.7%	-99.8%
Risk-adjusted return (90d)	-0.08	-0.11

Relative strength over 90 days: COVERT outperformed BORDR by 1665.2% — measured on the COVERT/BORDR ratio, so it holds regardless of market direction.

Covert Chameleon →Bordrless →