Long Alon vs Bordrless

Long Alon (LONGALON) and Bordrless (BORDR) compared side by side. Over the past 30 days, LONGALON is ahead by 49.4 percentage points (LONGALON -49.4% against BORDR -98.7%). Their daily returns move barely together (correlation 0.11 across 34 shared trading days). BORDR has been the more volatile of the two, at 959% annualised against LONGALON's 255%.

Correlation: 0.11
Ahead over 30 days: LONGALON

Long AlonLONGALON

$1.569e-5

24h: +0.70%
Market cap: —
Volume 24h: $46
Volatility (ann.): 255%

BordrlessBORDR

$2.055e-5

24h: +23.32%
Market cap: $20,548
Volume 24h: $1.10M
Volatility (ann.): 959%

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

Performance

LONGALONBORDR

7 days-22.15%-16.86%BORDR
30 days-49.37%-98.75%LONGALON

Correlation

0.11over 34 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0490d: 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	LONGALON	BORDR
Max drawdown (400d)	-74.4%	-99.8%
Risk-adjusted return (90d)	-0.28	-0.10

Relative strength over 90 days: LONGALON outperformed BORDR by 1747.7% — measured on the LONGALON/BORDR ratio, so it holds regardless of market direction.

Long Alon →Bordrless →