Correlation: 0.64 · Cointegrated: yes
Z-score: -0.59 entry / -1.73 rolling
Half-life 0.8h · Hurst 0.87 · Hedge ratio 0.71
Pair volatility: 35.38%
Backtest: 66.67% win · Sharpe 2.12 · 0.69% return · 0.83% max drawdown
Pair Analysis: EWY / LRCX
- Roll Z-Score (1h): -2.96 (EWY cheap vs LRCX)
- Roll Z-Score (4h): 1.11 (EWY rich vs LRCX)
- Roll Z-Score (1d): 0.82 (EWY rich vs LRCX)
- Correlation: 0.63 (1h/4h) to 0.83 (1d)
- Hedge Ratio (4h): 0.692
Setup Notes:
- Divergence: There is a significant conflict between the 1h timeframe and the longer-term (4h/1d) signals. The 1h z-score of -2.96 strongly supports your "Long EWY / Short LRCX" direction, suggesting a short-term mean reversion opportunity where EWY is oversold relative to LRCX.
- Trend Risk: Conversely, the 4h and 1d z-scores are positive (1.11 and 0.82), indicating that on a broader timeframe, the pair is currently extended in the opposite direction (EWY rich vs LRCX).
- Execution: Both assets are available on Hyperliquid (EWY on
xyz, LRCX on para). Note that these assets reside on different deployers; ensure you have sufficient collateral on both xyz and para to support the respective legs.
- Sentiment: No specific sentiment data is currently available for these assets.
EWY
LRCX