Pair is strongly diverging away from the mean. High risk of further deviation.
Regime: STRONG_DIVERGENCE (low confidence)
Correlation: 0.67 · Cointegrated: yes
Z-score: 2.85 entry / 2.49 rolling
Half-life 0.9h · Hurst 0.90 · Hedge ratio 2.59
Pair volatility: 39.33%
Backtest: 50.00% win · Sharpe 3.58 · 1.08% return · 0.78% max drawdown
Pair Analysis: Long QCOM / Short CRDO
- Roll Z-Score (1h): 2.49 (CRDO is rich relative to QCOM; signal supports the Long QCOM / Short CRDO direction)
- Roll Z-Score (4h): 1.16
- Roll Z-Score (1d): -0.06
- Correlation (1h): 0.67
- Hedge Ratio (1h): 2.59 (CRDO units per QCOM unit)
- Half-Life (1h): 21h (~0.9d)
Analysis Notes:
- Signal Strength: The trade is supported by a strong 1h mean-reversion signal (z-score 2.49), indicating CRDO has recently outperformed QCOM significantly on a short-term basis.
- Timeframe Divergence: The signal weakens significantly on higher timeframes (4h z-score 1.16, 1d z-score -0.06). This is a short-term tactical setup rather than a long-term structural mean-reversion play.
- Execution: Both assets are available on Hyperliquid (QCOM on
xyz, CRDO on para). Note that these legs reside on different deployers; ensure both xyz and para collateral requirements are met.
- Sentiment: No specific sentiment data available for this pair.
QCOM
CRDO