Pair is strongly diverging away from the mean. High risk of further deviation.
Regime: STRONG_DIVERGENCE (low confidence)
Correlation: 0.65 · Cointegrated: yes
Z-score: -1.21 entry / -2.07 rolling
Half-life 1.8h · Hurst 0.85 · Hedge ratio 1.04
Pair volatility: 35.80%
Backtest: 75.00% win · Sharpe 1.94 · 1.90% return · 1.78% max drawdown
Pair Analysis: Long ACE / Short ZEN
Statistical Snapshot
- 1h Roll Z-Score: -2.07 (Strongly oversold; ACE is statistically cheap relative to ZEN)
- 4h Roll Z-Score: -0.01 (Neutral)
- 1d Roll Z-Score: -0.89 (Slightly cheap)
- Correlation: 0.65 (1h)
- Hedge Ratio (4h): 1.137 (Short 1.137 units of ZEN for every 1 unit of ACE)
Sentiment & Context
- ACE (Fusionist): Bearish. Significant supply pressure from upcoming token unlocks (42.59% of market cap) is the primary headwind.
- ZEN (Horizen): Bearish. Lacks internal catalysts and is currently tracking broader market weakness with low retail engagement.
- Remark: This is a relative-value mean-reversion play. While both assets face bearish fundamental headwinds, the 1h z-score of -2.07 indicates ACE has decoupled to the downside relative to ZEN. You are essentially betting that ACE’s recent underperformance is overextended and that it will mean-revert (outperform ZEN) in the short term, despite the negative sentiment surrounding both tokens.
Tradeability
- ACE: Tradeable on Hyperliquid (Max 3x leverage)
- ZEN: Tradeable on Hyperliquid (Max 5x leverage)
ACE
ZEN