Correlation: 0.61 · Cointegrated: yes
Z-score: -1.15 entry / -1.53 rolling
Half-life 1.0h · Hurst 0.86 · Hedge ratio 0.99
Pair volatility: 35.27%
Backtest: 83.33% win · Sharpe 4.31 · 4.04% return · 0.90% max drawdown
Pair Analysis: BOME / GOAT
Statistical Snapshot
- Roll Z-Score (1h): -2.24 (BOME is statistically cheap relative to GOAT)
- Roll Z-Score (4h): -1.54
- Correlation: 0.61 (1h)
- Hedge Weights (4h): 63.6% BOME / 36.4% GOAT
Analysis & Sentiment
- Statistical Signal: The negative z-scores across all timeframes indicate that BOME is currently trading at a discount relative to GOAT. A Long BOME / Short GOAT position is a mean-reversion play betting that this spread will tighten as BOME recovers or GOAT cools off.
- Sentiment Conflict: There is a material divergence between the statistical signal and current market sentiment.
- BOME: Bearish sentiment; lacks narrative momentum and social volume.
- GOAT: Bullish sentiment; supported by unique supply structures and investor interest.
- Risk Note: While the statistical setup (z-score -2.24) suggests a "cheap" entry for BOME, the bearish sentiment on BOME and bullish sentiment on GOAT create significant "trend risk." You are effectively betting against the current momentum of both assets. Ensure your stop-loss accounts for the possibility that the spread continues to widen due to fundamental divergence rather than mean-reverting.
BOME
GOAT