Pair is strongly reverting towards the mean with accelerating velocity and stable volatility.
Regime: STRONG_REVERSION (high confidence)
Correlation: 0.67 · Cointegrated: yes
Z-score: 1.61 entry / 1.83 rolling
Half-life 1.2h · Hurst 0.90 · Hedge ratio 2.09
Pair volatility: 38.60%
Backtest: 37.50% win · Sharpe -0.54 · -0.41% return · 2.74% max drawdown
Pair Analysis: QCOM / CRDO
Trade Direction: Long QCOM / Short CRDO
Statistical Snapshot:
- 1h Roll Z-Score: +1.83 (CRDO rich vs QCOM)
- 4h Roll Z-Score: -0.06 (Neutral)
- 1d Roll Z-Score: -1.49 (QCOM rich vs CRDO)
- Correlation: 0.67 (1h) / 0.53 (4h) / 0.42 (1d)
Analysis:
- Timeframe Divergence: The pair exhibits significant regime disagreement across timeframes. The 1h timeframe suggests CRDO is currently extended relative to QCOM (supporting your Long QCOM / Short CRDO direction), but the 1d timeframe indicates the opposite, suggesting QCOM is rich relative to CRDO.
- Mean Reversion: The 1h signal (Z +1.83) is the only one currently aligned with your directional intent. However, the 1d signal (Z -1.49) suggests the pair may be reverting toward a state where QCOM is relatively cheaper, which runs counter to your current position.
- Execution Note: Both assets are available on Hyperliquid, but they reside on different deployers (
xyz:QCOM and para:CRDO). Ensure you have sufficient collateral in the respective stables for both legs, as these positions are not cross-margined by default.
Note: Sentiment data is currently unavailable for these assets. Given the conflicting Z-scores across timeframes, this setup lacks multi-timeframe alignment and carries higher directional risk.
QCOM
CRDO