Correlation: 0.77 · Cointegrated: yes
Z-score: -1.61 entry / -0.94 rolling
Half-life 0.9h · Hurst 0.89 · Hedge ratio 1.24
Pair volatility: 28.86%
Backtest: 72.73% win · Sharpe 1.59 · 1.04% return · 1.62% max drawdown
Pair Analysis: Long BB / Short SUPER
This setup is a mean-reversion play targeting the statistical divergence between BB and SUPER.
- Roll Z-Score: -1.35 (4h) / -1.62 (1h)
- Interpretation: The negative z-score indicates that BB is currently "cheap" relative to SUPER based on historical spread behavior. The trade is aligned with the quant-optimal direction (Long BB / Short SUPER).
- Correlation: 0.77 (4h)
- Interpretation: Strong positive correlation, supporting the validity of the pair for mean-reversion strategies.
- Half-Life: ~7 hours (4h)
- Interpretation: The spread exhibits relatively fast mean-reversion characteristics, suggesting the divergence may close within a short timeframe.
- Sentiment:
- SUPER: Bullish. Institutional interest (Superstate/Invesco) and active utility as collateral provide a strong fundamental floor, which may limit the downside for the short leg.
- BB: Neutral/No data. Lacks clear sentiment drivers, making this primarily a technical/statistical play.
Note: The 4h z-score is ~4.2 hours old. Given the strong bullish sentiment surrounding SUPER, monitor for potential "breakout" behavior where the spread widens further despite the statistical cheapness of BB.
Tradeability:
- BB: Listed on Hyperliquid (
xyz:BB), max 10x leverage.
- SUPER: Listed on Hyperliquid (
SUPER), max 3x leverage.
BB
SUPER