Pair is strongly reverting towards the mean with accelerating velocity and stable volatility.
Regime: STRONG_REVERSION (high confidence)
Correlation: 0.64 · Cointegrated: yes
Z-score: 2.13 entry / 2.04 rolling
Half-life 5.8h · Hurst 0.94 · Hedge ratio 0.34
Pair volatility: 33.43%
Backtest: 80.00% win · Sharpe 1.28 · 0.96% return · 2.86% max drawdown
Pair Analysis: Long ANIME / Short ADA
- Roll Z-Score: 2.04 (1h), 2.37 (4h) — Indicates ADA is currently rich relative to ANIME.
- Correlation: 0.64 (1h)
- Hedge Ratio (4h): 0.197 (Sizing weight)
- Sentiment: Both assets are currently bearish. ANIME faces supply unlock pressure, while ADA is seeing technical rejection at key resistance levels.
Remark:
This is a relative value play betting on ADA mean-reverting against ANIME. With a 4h Z-score of 2.37, the spread is statistically extended. However, because both assets share a bearish sentiment, this trade is effectively a "short the weaker asset" (ADA) vs "short the stronger asset" (ANIME) setup. The high Z-score suggests ADA has outperformed ANIME recently, but be cautious of the broader bearish trend which could drag both assets down simultaneously, potentially compressing the spread without a clean mean reversion.
ANIME
ADA