Pair is strongly diverging away from the mean. High risk of further deviation.
Regime: STRONG_DIVERGENCE (low confidence)
Correlation: 0.61 · Cointegrated: yes
Z-score: 1.40 entry / 2.08 rolling
Half-life 0.6h · Hurst 0.89 · Hedge ratio 1.30
Pair volatility: 42.23%
Backtest: 55.56% win · Sharpe 0.21 · 0.03% return · 1.22% max drawdown
Pair Analysis: Long SMSN / Short COHR
- Roll Z-Score (1h): 2.08 (COHR is statistically rich vs SMSN on the 1h timeframe)
- Roll Z-Score (4h): -0.02 (Neutral)
- Roll Z-Score (1d): -0.03 (Neutral)
- Correlation: 0.61 (1h)
- Cointegration: True
- Half-Life: 15h (1h timeframe)
Analysis:
- Mean Reversion Signal: The 1h z-score of 2.08 indicates a short-term divergence where COHR has outperformed SMSN, supporting your "Long SMSN / Short COHR" direction for a mean-reversion trade. However, the 4h and 1d z-scores are near neutral, suggesting this is a short-term tactical setup rather than a long-term structural mean reversion.
- Execution Note: SMSN is listed on the
xyz deployer, while COHR is on the para deployer. These are separate collateral pools. Unless you have cross-DEX margin enabled in your Hyperliquid account settings, you will need to fund both deployers separately to open this pair.
- Sentiment: No specific sentiment data is available for these assets at this time.
SMSN
COHR