Perpetuals.com Ltd. (NASDAQ: PDC) has released the results of a comprehensive backtest of version two of its patent-pending BayesShield artificial intelligence engine, which powers its UpsideOnly paper trading platform. The backtest, which replayed approximately 1.07 billion historical order fills over a 375-day period using the same production code deployed on the live platform, produced a hypothetical non-compounded return of 380% with a maximum drawdown of 27% and a return-to-drawdown ratio of 4.4. Starting with $400,000 in simulated capital, the strategy generated hypothetical profits of $1.522 million, ending the test period with $1.922 million.
The company explained that the AI model identifies consistently successful traders and generates automated trading signals when qualified users independently take similar positions at roughly the same time, rather than attempting to predict market prices directly. According to the backtest, the strategy posted positive returns in every calendar quarter, avoided liquidations during the test period, and remained nearly flat during a sharp October 2025 Bitcoin sell-off. Perpetuals also noted that UpsideOnly, launched in May 2026, has grown to more than 225,000 users and recorded $70 billion in simulated notional trading volume across 25 assets, while cautioning that the live trading period remains too limited to draw conclusions about future performance.
This announcement underscores the growing role of artificial intelligence in retail trading, where AI-driven signals could potentially level the playing field against institutional players. The strong backtest results, if sustained in live trading, could position Perpetuals as a leader in AI-powered trading solutions, attracting more users to its platform and potentially increasing revenue. However, the company's own caveat about the limited live trading period highlights the inherent uncertainty in extrapolating backtest performance to future results, a critical consideration for investors and users alike.
Perpetuals.com Ltd (NASDAQ: PDC) is a fintech company developing AI-powered trading products and prediction markets, with a global footprint across the United States, Europe, and Asia. Its mission is to reduce risk by empowering retail users with intuitive, secure, and efficient trading experiences across multiple asset classes. The company's proprietary trading platform, Kronos X, combines advanced AI and data analysis. The technology is trained on billions of trades, monitors market activity in real time, identifies patterns for trading and risk decisions, and provides multi-asset coverage with self-clearing blockchain-based settlement. The company’s licensed European Multilateral Trading Facility (MTF) infrastructure and Kronos X multi-asset exchange platform operate with full MiFID II, MiCA, DORA, and EMIR compliance.
For more information, visit the company’s newsroom at https://ibn.fm/PDC.
