Z-score (-1.31) is too close to the mean to be considered for a trade.
Regime: IDLE (high confidence)
Correlation: 0.77 · Cointegrated: yes
Z-score: -2.02 entry / -1.31 rolling
Half-life 2.3h · Hurst 0.92 · Hedge ratio 0.63
Pair volatility: 29.37%
Backtest: 76.92% win · Sharpe 5.59 · 2.96% return · 0.59% max drawdown
Pair Analysis: DASH / ZEN
- Roll Z-Score: -1.31 (1h), -3.07 (4h), -3.35 (1d)
- Correlation: 0.77
- Hedge Ratio (4h): 1.262 (Short 1.262 ZEN for every 1 DASH)
- Sentiment: ZEN is currently bearish with weak community engagement and declining volume. No specific sentiment data available for DASH.
Analysis:
The pair is exhibiting a strong mean-reversion signal across all timeframes. With a negative z-score (most pronounced on the 4h and 1d charts), DASH is statistically "cheap" relative to ZEN. Your chosen direction (Long DASH / Short ZEN) aligns with the quant-optimal mean-reversion strategy. The bearish sentiment surrounding ZEN provides fundamental support for the short leg of this trade.
Note: Z-scores are snapshots; verify current price action as the 4h/1d data may lag intraday moves.
DASH
ZEN