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: 1.31 entry / 1.89 rolling
Half-life 0.7h · Hurst 0.91 · Hedge ratio 1.17
Pair volatility: 30.73%
Backtest: 75.00% win · Sharpe 2.54 · 0.48% return · 0.92% max drawdown
Pair Analysis: Long DRAM / Short COHR
- Roll Z-Scores (COHR vs DRAM):
- 1h: 1.89 (COHR is statistically rich relative to DRAM)
- 4h: 0.79
- 1d: -0.66
- Correlation: 0.72 (1h)
- Cointegration: True (1h)
- Half-Life: 16h (1h timeframe)
Analysis:
- Divergence: The 1h and 4h z-scores are positive, indicating that COHR is currently trading at a premium relative to DRAM on shorter timeframes. Your direction (Long DRAM / Short COHR) aligns with this mean-reversion pressure.
- Timeframe Conflict: Note that the 1d z-score is negative (-0.66), suggesting that on a longer horizon, the relationship has historically favored the opposite direction. The 1h/4h signals are more relevant for immediate mean-reversion, but the 1d divergence warrants caution regarding the pair's long-term stability.
- Execution: Both assets are available on Hyperliquid (
xyz:DRAM, para:COHR). Ensure you have sufficient collateral for both legs (USDC for xyz, USDC for para).
Note: Sentiment data is currently unavailable for these assets.
DRAM
COHR