Z-score (-1.30) is too close to the mean to be considered for a trade.
Regime: IDLE (high confidence)
Correlation: 0.68 · Cointegrated: yes
Z-score: -2.00 entry / -1.30 rolling
Half-life 0.5h · Hurst 0.89 · Hedge ratio 1.41
Pair volatility: 38.05%
Backtest: 57.14% win · Sharpe 0.22 · 0.03% return · 1.04% max drawdown
Pair Analysis: Long CRDO / Short CRWV
Statistical Snapshot
- Roll Z-Score (1h): -1.30
- Roll Z-Score (4h): -1.47
- Roll Z-Score (1d): -1.96
- Correlation (1h): 0.68
- Half-Life (1h): 13h (~0.5d)
- Hedge Weights (4h): 52.4% Long CRDO / 47.6% Short CRWV
Analysis & Remarks
- Mean Reversion: The pair is currently showing a negative z-score across all timeframes (1h, 4h, 1d), indicating that CRDO is statistically "cheap" relative to CRWV. Your chosen direction (Long CRDO / Short CRWV) aligns with the quant-optimal mean-reversion signal.
- Conviction: The 1h z-score of -1.30 suggests a moderate divergence. The 4h and 1d z-scores are more extreme (-1.47 and -1.96, respectively), which strengthens the case for a mean-reversion trade, though the 1d snapshot is older (2.0d age).
- Sentiment: No specific sentiment data is available for these assets. Given the lack of fundamental sentiment, this trade relies primarily on the statistical divergence observed in the price spread.
- Execution Note: Both assets are USDC-collateralized (CRDO on
para, CRWV on xyz). Ensure you have sufficient USDC available in your Hyperliquid account to cover both legs, as they reside on different deployers.
CRDO
CRWV