Correlation: 0.81 · Cointegrated: yes
Z-score: 0.96 entry / 2.24 rolling
Half-life 1.8h · Hurst 0.89 · Hedge ratio 1.25
Pair volatility: 28.77%
Backtest: 47.06% win · Sharpe 0.32 · 0.15% return · 1.19% max drawdown
Pair Analysis: Long STX / Short APT
- Roll Z-Score (1h): 3.21 (APT is rich relative to STX)
- Roll Z-Score (4h): 0.48
- Correlation: 0.81 (1h)
- Hedge Ratio (4h): 1.131 (Short 1.13 units of APT for every 1 unit of STX)
- Cointegration: True (1h, 4h)
Analysis & Sentiment:
- Statistical Alignment: The 1h Roll Z-Score of 3.21 indicates that APT is currently significantly "rich" relative to STX, providing a strong statistical basis for the Long STX / Short APT trade. The 4h and 1d z-scores are more neutral (0.48/0.47), suggesting this is primarily a short-term mean-reversion opportunity.
- Sentiment Context: Both assets are currently facing bearish sentiment. However, APT is experiencing specific selling pressure due to persistent supply overhang from monthly unlocks, making it a preferred short candidate. STX is struggling with failed breakouts, which may limit its upside, but the relative richness of APT makes this pair a viable tactical play.
- Execution Note: The 1h z-score is ~1.2 hours old; verify recent price action to ensure the spread hasn't already mean-reverted significantly.
Tradeability:
- STX: Tradeable on Hyperliquid (Core), Max Leverage: 5x
- APT: Tradeable on Hyperliquid (Core), Max Leverage: 10x
STX
APT