Perpetuals.com Ltd. (NASDAQ: PDC) has released backtest results for version two of its patent-pending BayesShield artificial intelligence engine, which powers its UpsideOnly paper trading platform. The company replayed approximately 1.07 billion historical order fills over a 375-day period using the same production code deployed on the live platform. The backtest generated 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 produced hypothetical profits of $1.522 million, ending the test period with $1.922 million.
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. These results highlight the potential of AI-driven trading systems that leverage collective intelligence rather than price prediction.
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 the live trading period remains too limited to draw conclusions about future performance, the backtest results provide a promising glimpse into the potential of the platform.
The implications of this announcement are significant for the fintech industry and retail traders. If the BayesShield engine continues to perform well in live trading, it could democratize access to sophisticated trading strategies that were previously available only to institutional investors. By mimicking the actions of successful traders, the AI system may offer retail users a way to potentially improve their trading outcomes without needing to analyze complex market data themselves.
However, it is crucial to approach these results with caution. Backtested performance is hypothetical and does not guarantee future results. The company itself acknowledges that the live trading period is too short to draw definitive conclusions. Investors and users should consider the risks involved in trading and the limitations of simulated testing.
Perpetuals.com Ltd 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 details on the backtest results, visit the full press release at https://ibn.fm/uZs4s. The latest news and updates relating to PDC are available in the company’s newsroom at https://ibn.fm/PDC.
