Correlation: 0.72 · Cointegrated: yes
Z-score: 1.05 entry / 1.76 rolling
Half-life 0.8h · Hurst 0.88 · Hedge ratio 0.85
Pair volatility: 39.90%
Backtest: 50.00% win · Sharpe -1.58 · -1.07% return · 2.80% max drawdown
Pair Analysis: Long CRWV / Short CRDO
- Roll Z-Score (1h): 1.86 (Positive indicates CRDO is rich relative to CRWV; the spread is extended).
- Roll Z-Score (4h): 1.14
- Roll Z-Score (1d): -0.28
- Correlation (1h): 0.72
- Cointegration (1h): True
- Hedge Weights (4h): 49.1% Long CRWV / 50.9% Short CRDO
Remark:
The setup is currently aligned with mean-reversion logic, as the 1h and 4h z-scores are positive, suggesting CRDO is statistically rich relative to CRWV. The 1h z-score of 1.86 indicates a significant deviation, which may offer a mean-reversion opportunity. However, note the divergence in the 1d timeframe (z-score -0.28), which suggests the mean-reversion signal is primarily a shorter-term phenomenon. No specific sentiment data is available for these assets.
Note: CRWV is listed on the xyz deployer and CRDO is on the para deployer. Ensure both collateral pools are funded.
CRWV
CRDO