Correlation: 0.74 · Cointegrated: yes
Z-score: 1.19 entry / 1.97 rolling
Half-life 4.2h · Hurst 0.92 · Hedge ratio 0.27
Pair volatility: 30.55%
Backtest: 61.54% win · Sharpe -0.54 · -0.29% return · 1.17% max drawdown
Pair Analysis: Long ENS / Short BTC
This setup aligns with the current quant-optimal direction, as BTC is statistically "rich" relative to ENS across all timeframes.
- Roll Z-Score: 2.34 (1h), 0.85 (4h), 0.97 (1d).
- Note: The 1h z-score is elevated, suggesting a significant divergence where BTC has outperformed ENS recently. The 1h snapshot is ~1.2h old; verify if recent price action has already begun to mean-revert.
- Correlation: 0.74 (1h) — moderate correlation, providing sufficient spread volatility for a pair trade.
- Hedge Weights (4h): 20.6% ENS / 79.4% BTC.
- Sentiment:
- ENS: Bullish; supported by fundamental catalysts (Security Council, government adoption).
- BTC: Mixed; near-term demand is stalling due to ETF outflows and macro headwinds, which may provide a tailwind for this short leg.
Trade Data
- Relative Price: 0.00006608
- Take-Profit Target: 0.00007269 (+10%)
- Stop-Loss Target: 0.00005286 (-20%)
Disclaimer: This analysis is based on statistical snapshots and sentiment data. Ensure you verify current market conditions before execution.
ENS
BTC