Z-score (-1.44) is too close to the mean to be considered for a trade.
Regime: IDLE (high confidence)
Correlation: 0.64 · Cointegrated: yes
Z-score: -1.55 entry / -1.44 rolling
Half-life 3.2h · Hurst 0.89 · Hedge ratio 1.07
Pair volatility: 33.05%
Backtest: 63.16% win · Sharpe 2.95 · 2.26% return · 1.51% max drawdown
Pair Analysis: Long AXS / Short ZEN
- Roll Z-Score: -1.85 (4h) / -1.44 (1h)
- Interpretation: The spread is currently trading significantly below its mean (negative z-score), suggesting AXS is statistically "cheap" relative to ZEN.
- Correlation: 0.55 (4h)
- Sentiment:
- AXS: Neutral/No specific sentiment data.
- ZEN: Bearish. ZEN has shown significant underperformance (-27% weekly), with momentum indicators confirming a bearish trend.
- Setup Note: The trade is statistically aligned with mean-reversion (buying the relatively cheap AXS, selling the relatively expensive/weak ZEN). The bearish sentiment on ZEN provides fundamental support for the short leg of this pair.
Data Summary:
- 1h Z-Score: -1.44 (Age: 1.3h)
- 4h Z-Score: -1.85 (Age: 7.3h)
- 1d Z-Score: -1.38 (Age: 1.5d)
- Hedge Ratio (4h): 1.068 (Sizing: ~48% AXS / ~52% ZEN)
Disclaimer: Z-scores are snapshots and may lag rapid intraday price movements. Verify current spot prices before execution.
AXS
ZEN