GTA (GTA) and Bordrless (BORDR) compared side by side. Over the past 30 days, GTA is ahead by 99.4 percentage points (GTA -0.1% against BORDR -99.5%). Their daily returns move barely together (correlation 0.21 across 32 shared trading days). BORDR has been the more volatile of the two, at 944% annualised against GTA's 309%.
GTABORDR
0.21over 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 | GTA | BORDR |
|---|---|---|
| Max drawdown (400d) | -75.7% | -99.8% |
| Risk-adjusted return (90d) | -0.22 | -0.10 |
Relative strength over 90 days: GTA outperformed BORDR by 3051.4% — measured on the GTA/BORDR ratio, so it holds regardless of market direction.