Perpetuals.com Ltd. (NASDAQ: PDC) has announced the backtest results for version two of its patent-pending BayesShield artificial intelligence engine, which powers its UpsideOnly paper trading platform. The company reported that using the same production code deployed on the live platform, it replayed approximately 1.07 billion historical order fills over a 375-day period, generating 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 significance of these results lies in the engine's approach: rather than attempting to predict market prices directly, the AI model identifies consistently successful traders and generates automated trading signals when qualified users independently take similar positions at roughly the same time. 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. However, the company cautioned that the live trading period remains too limited to draw conclusions about future performance. This announcement is important because it demonstrates the potential of AI-driven trading signals based on crowd behavior, but investors should be wary of overreliance on backtested results, which may not be indicative of live performance.
For more details, the full press release is available at https://ibn.fm/uZs4s.
