Pair is strongly diverging away from the mean. High risk of further deviation.
Regime: STRONG_DIVERGENCE (low confidence)
Correlation: 0.66 · Cointegrated: yes
Z-score: 1.79 entry / 2.78 rolling
Half-life 1.1h · Hurst 0.90 · Hedge ratio 0.35
Pair volatility: 30.77%
Backtest: 89.29% win · Sharpe 5.96 · 3.31% return · 0.71% max drawdown
Pair Analysis: ENS / CFX
- Roll Z-Score (1h): 2.78 (Primary signal; indicates CFX is statistically rich relative to ENS)
- Roll Z-Score (4h): 0.50
- Roll Z-Score (1d): -0.63
- Correlation: 0.66 (1h)
- Half-Life: 27h (1h timeframe)
Analysis & Sentiment:
- Technical Setup: The 1h z-score of 2.78 provides a strong mean-reversion signal, suggesting that CFX has recently outperformed ENS to an extent that is statistically stretched. This aligns with your Long ENS / Short CFX direction. However, note the divergence across timeframes: while the 1h suggests CFX is "rich," the 1d z-score (-0.63) is slightly negative, indicating that the longer-term trend is less clear.
- Sentiment Context: Both assets are currently facing bearish sentiment. ENS is struggling with internal governance issues, while CFX is experiencing a near-term demand vacuum.
- Trade Framing: This is a relative-value trade rather than a directional bullish bet. You are essentially betting that CFX will underperform ENS (or decline more sharply) in the near term, capitalizing on the 1h statistical divergence despite the broader bearish headwinds for both tokens.
Note: The 1h z-score snapshot is ~1.3 hours old; verify if significant price action has occurred since the last update.
ENS
CFX