Correlation: 0.76 · Cointegrated: yes
Z-score: -1.07 entry / -1.69 rolling
Half-life 5.8h · Hurst 0.91 · Hedge ratio 0.63
Pair volatility: 31.19%
Backtest: 50.00% win · Sharpe -1.49 · -0.56% return · 1.36% max drawdown
Pair Analysis: Long BNB / Short PEOPLE
Market Status
- BNB: Listed on Hyperliquid (Max 10x)
- PEOPLE: Listed on Hyperliquid (Max 3x)
Statistical Diagnostics
- 1h Roll Z-Score: -3.18 (BNB is statistically "cheap" relative to PEOPLE)
- 4h Roll Z-Score: -0.21
- 1d Roll Z-Score: -0.41
- Correlation: 0.76 (1h)
- Half-Life: 138h (1h timeframe)
- Hurst Exponent: 0.91 (1h) — indicates strong mean-reverting tendency
Sentiment & Context
- BNB: Bullish; supported by active burn mechanisms and positive community outlook.
- PEOPLE: Bullish; driven by retail memecoin anticipation, though volatility remains high.
- Note: Both assets currently share bullish sentiment, which may increase the risk of the spread widening further if both assets rally simultaneously, despite the mean-reversion signal.
Trade Construction
- Direction: Long BNB / Short PEOPLE (Aligned with 1h/4h quant-optimal direction).
- Hedge Weights (4h): 64.4% BNB / 35.6% PEOPLE.
BNB
PEOPLE