Pair is strongly diverging away from the mean. High risk of further deviation.
short spread · 5× leverage · regime STRONG_DIVERGENCE (low confidence)
Signal
| Metric | Value |
|---|
| Rolling z-score | 3.16 |
| Z-score | 3.16 at entry · 1.32 pair |
| Correlation | 0.66 · cointegrated |
| Half-life | 0.6h |
| Hurst | 0.85 |
| Hedge ratio | 0.82 · long-term beta 0.73 |
| Beta stability | stable · current 0.82 · range 0.11–1.60 · 0 sign changes |
| Lead–lag peak corr | 0.66 |
| Pair volatility | 35.55% |
| Momentum | z-velocity +3.80 · acceleration +4.12 · vol ratio 0.30 |
Backtest
| Metric | Value |
|---|
| Win rate | 68.75% — 11W / 5L over 16 trades |
| Sharpe | 3.90 |
| Total return | +1.73% |
| Max drawdown | 0.83% |
Pair Analysis: Long LRCX / Short EWY
- Roll Z-Score (1h): 3.16 (EWY is statistically rich relative to LRCX on the 1h timeframe; supports the Long LRCX / Short EWY direction).
- Roll Z-Score (4h): -0.34 (Neutral).
- Roll Z-Score (1d): 0.25 (Neutral).
- Correlation: 0.66 (1h), 0.67 (4h), 0.86 (1d).
- Hedge Weights (4h): 45.5% LRCX / 54.5% EWY.
Analysis Note:
The 1h Z-score of 3.16 indicates a significant short-term divergence where EWY has become rich relative to LRCX, aligning with your directional intent. However, the 4h and 1d Z-scores remain near neutral, suggesting this is a short-term mean-reversion opportunity rather than a deep-value setup. The 1h snapshot is ~1.4 hours old; verify recent price action to ensure the divergence hasn't already corrected. Sentiment data is currently unavailable for these assets.
Venue Status:
- LRCX: Available on Hyperliquid (
para:LRCX), max 10x leverage.
- EWY: Available on Hyperliquid (
xyz:EWY), max 20x leverage.
LRCX
EWY