Long SOXL / Short JP225 · 1h pair

short spread

Signal

Backtest

• Pair: Long SOXL / Short JP225
• Venue: Hyperliquid HIP-3 (xyz:SOXL, xyz:JP225); both settle in USDC
• Roll Z-Score:
  • 1h: +1.39 — snapshot ~1.3h old
  • 4h: +1.48 — snapshot ~7.3h old
  • 1d: +0.62 — snapshot ~1.6d old
• Correlation: 0.65 (1h), 0.70 (4h), 0.89 (1d)
• Cointegration: True on 1h; false on 4h and 1d
• Half-life: ~12h (1h); ~19h (4h/1d)
• Hurst: 0.85 (1h), 0.92 (4h), 0.50 (1d)
• Technical read: Mixed/weak mean-reversion quality. The 1h spread supports Long SOXL / Short JP225, but the 4h and 1d cointegration failures and elevated Hurst values indicate substantial trend/regime-break risk.
• Direction note: The user-stated direction is preserved; the quant z-sign heuristic also gives Long SOXL / Short JP225, though the stats record flags the stated direction as against its internal comparison convention.
• Sizing reference: 4h hedge weights: 12.3% SOXL / 87.7% JP225; 1d: 9.8% / 90.2%.
• Sentiment/news: No sentiment or recent-news data returned for either asset.
• Live prices: Unavailable from the available price source; no current ratio-based TP/SL levels verified.
• Remark: Cautious setup—the short-term divergence is actionable only with reduced conviction because broader-timeframe cointegration is absent; no news or sentiment confirmation is available.