Correlation: 0.72 · Cointegrated: yes
Z-score: -1.85 entry / -0.52 rolling
Half-life 1.7h · Hurst 0.89 · Hedge ratio 0.35
Pair volatility: 26.00%
Backtest: 57.14% win · Sharpe -0.68 · -0.54% return · 1.67% max drawdown
Pair Analysis: Long POLYX / Short SUPER
- Roll Z-Score: -1.58 (1h)
- Correlation: 0.72 (1h)
- Cointegration: True (1h)
- Hedge Weights (4h): 32.1% POLYX / 67.9% SUPER
- Venue Status: Both assets are listed on Hyperliquid (Max Leverage: 3x).
Analysis & Sentiment
- Statistical Setup: The 1h roll z-score of -1.58 indicates the spread is currently trading below its mean, supporting a mean-reversion long on the spread (Long POLYX / Short SUPER). The 1h timeframe shows cointegration, which is a positive signal for pair stability, though this breaks down on higher timeframes (4h/1d).
- Sentiment Context: Both assets currently carry bearish sentiment. POLYX is struggling to maintain momentum following a failed rally, while SUPER is facing technical weakness and a lack of catalysts.
- Trade Note: This is a relative value play. You are betting that POLYX will outperform SUPER (or decline less) in a bearish environment, rather than betting on a directional recovery for either. Given the bearish sentiment on both legs, ensure your risk management accounts for potential correlated downside volatility.
POLYX
SUPER