Pair is strongly diverging away from the mean. High risk of further deviation.
Regime: STRONG_DIVERGENCE (low confidence)
Correlation: 0.72 · Cointegrated: yes
Z-score: 1.93 entry / 2.60 rolling
Half-life 0.7h · Hurst 0.89 · Hedge ratio 1.18
Pair volatility: 29.96%
Backtest: 70.00% win · Sharpe 3.52 · 0.68% return · 0.92% max drawdown
Pair Analysis: Long DRAM / Short COHR
This pair involves assets on different Hyperliquid deployers (xyz:DRAM and para:COHR). Ensure your account mode supports cross-DEX margin, or you will need to fund both deployer-specific collateral pools separately to open the position.
Statistical Snapshot
- 1h Roll Z-Score: +2.60 (COHR is rich relative to DRAM; supports your Long DRAM / Short COHR direction)
- 4h Roll Z-Score: +1.08 (COHR is rich relative to DRAM; supports your Long DRAM / Short COHR direction)
- 1d Roll Z-Score: -0.63 (DRAM is rich relative to COHR; indicates a divergence between short-term and long-term mean reversion)
- Correlation: 0.72 (1h)
- Half-Life: 17h (1h timeframe)
Analysis
- Directional Alignment: Your chosen direction (Long DRAM / Short COHR) aligns with the 1h and 4h z-scores, which currently show COHR trading at a premium relative to DRAM.
- Divergence: The 1d z-score (-0.63) suggests that over a longer horizon, the relationship has recently flipped or is mean-reverting in the opposite direction. This indicates the current 1h/4h signal may be a short-term tactical play rather than a structural alignment.
- Sentiment: No specific sentiment data is available for these assets.
- Execution Note: As these assets reside on different deployers (
xyz and para), verify your account's cross-DEX margin settings. If disabled, you must ensure sufficient collateral is available on both the xyz and para deployers to cover the respective legs.
DRAM
COHR