Correlation: 0.74 · Cointegrated: yes
Z-score: -1.12 entry / -2.19 rolling
Half-life 1.2h · Hurst 0.87 · Hedge ratio 0.51
Pair volatility: 47.02%
Backtest: 83.33% win · Sharpe 8.17 · 2.30% return · 0.69% max drawdown
Pair: Long LRCX / Short SNDK
Statistical Analysis
- 1h Roll Z-Score: 4.70 (LRCX rich vs SNDK)
- 4h Roll Z-Score: -2.07 (LRCX cheap vs SNDK)
- 1d Roll Z-Score: 0.05 (Neutral)
- Correlation: 0.70 (1h) to 0.87 (1d)
Analysis Notes
- Divergence: There is a significant divergence between the 1h and 4h timeframes. The 1h z-score of 4.70 indicates that LRCX is currently "rich" relative to SNDK on a short-term basis, suggesting that your stated direction (Long LRCX / Short SNDK) is currently running into mean-reversion pressure. Conversely, the 4h z-score of -2.07 suggests LRCX is "cheap" on that longer timeframe.
- Sentiment: No specific sentiment data is available for these assets.
- Execution: Both assets are available on Hyperliquid (LRCX on
para, SNDK on xyz). Note that these assets reside on different deployers, which may impact margin requirements if your account is not in a unified margin mode.
Disclaimer: This analysis is for informational purposes only. No trade execution context was provided, so no trade plan or sizing recommendations are included.
LRCX
SNDK