Pair is strongly diverging away from the mean. High risk of further deviation.
Regime: STRONG_DIVERGENCE (low confidence)
Correlation: 0.71 · Cointegrated: yes
Z-score: 1.38 entry / 5.60 rolling
Half-life 0.7h · Hurst 0.85 · Hedge ratio 0.82
Pair volatility: 31.72%
Backtest: 62.50% win · Sharpe 0.97 · 0.15% return · 0.92% max drawdown
Pair Analysis: DRAM / COHR
- 1h Roll Z-Score: 5.60 (COHR rich vs DRAM; suggests mean reversion via Long DRAM / Short COHR)
- 4h Roll Z-Score: 0.02 (Neutral)
- 1d Roll Z-Score: -1.31 (DRAM rich vs COHR; suggests mean reversion via Long COHR / Short DRAM)
- Correlation: 0.71 (1h) / 0.67 (4h) / 0.71 (1d)
- Hedge Weights (4h): 49.1% DRAM / 50.9% COHR
Analysis:
- Timeframe Divergence: The pair exhibits significant regime disagreement. The 1h timeframe strongly supports your Long DRAM / Short COHR direction (z-score 5.60), indicating a short-term mean-reversion opportunity. However, the 1d timeframe shows a negative z-score (-1.31), suggesting the pair is currently extended in the opposite direction on a daily basis.
- Sentiment: No specific sentiment data is available for these assets.
- Execution Note: DRAM (xyz:DRAM) and COHR (para:COHR) are available on Hyperliquid. Ensure you have sufficient USDC for the
xyz leg and USDC for the para leg, as these are separate collateral pools.
DRAM
COHR