Paygram (PAYGRAM) and Bordrless (BORDR) compared side by side. Over the past 30 days, PAYGRAM is ahead by 78.7 percentage points (PAYGRAM -20.7% against BORDR -99.5%). Their daily returns move loosely together (correlation 0.53 across 22 shared trading days). PAYGRAM has been the more volatile of the two, at 4638% annualised against BORDR's 944%.
PAYGRAMBORDR
0.53over 22 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 | PAYGRAM | BORDR |
|---|---|---|
| Max drawdown (400d) | -83.2% | -99.8% |
| Risk-adjusted return (90d) | 0.00 | -0.10 |
Relative strength over 90 days: PAYGRAM outperformed BORDR by 5971.5% — measured on the PAYGRAM/BORDR ratio, so it holds regardless of market direction.