Correlation: 0.71 · Cointegrated: yes
Z-score: -1.04 entry / -3.17 rolling
Half-life 0.8h · Hurst 0.88 · Hedge ratio 1.20
Pair volatility: 40.25%
Backtest: 46.15% win · Sharpe -2.06 · -1.19% return · 2.47% max drawdown
Pair: para:CRDO / xyz:CRWV
- Roll Z-Score: -4.92 (1h), -0.55 (4h), -1.82 (1d)
- Correlation: 0.73 (1h)
- Hedge Ratio: 1.18 (1h)
- Sentiment: No specific sentiment data available for these assets.
Analysis:
- Mean Reversion: The 1h z-score of -4.92 indicates a significant statistical divergence where CRDO is currently "cheap" relative to CRWV. This setup aligns with a mean-reversion strategy (Long CRDO / Short CRWV).
- Execution Note: This is a cross-deployer pair (
para vs xyz). Ensure you have sufficient USDC collateral on both deployers to cover the respective legs, as these positions are not cross-margined by default.
- Technical Context: The 1h z-score is highly negative, suggesting a potential snap-back. However, the 4h z-score (-0.55) is much closer to the mean, indicating the divergence is primarily a short-term, high-frequency event. The 1h snapshot is ~1.2h old; verify current price action before entry, as a rapid move could have already closed the gap.
CRDO
CRWV