Pair is strongly diverging away from the mean. High risk of further deviation.
Regime: STRONG_DIVERGENCE (low confidence)
Correlation: 0.69 · Cointegrated: yes
Z-score: -1.41 entry / -2.44 rolling
Half-life 1.2h · Hurst 0.91 · Hedge ratio 0.87
Pair volatility: 30.71%
Backtest: 69.23% win · Sharpe 6.07 · 2.09% return · 0.62% max drawdown
Pair Analysis: AMAT / COHR
- Roll Z-Score: -2.44 (1h), -2.04 (4h), -0.93 (1d)
- Correlation: 0.69 (1h), 0.63 (4h), 0.75 (1d)
- Hedge Ratio: 0.87 (1h), 0.67 (4h), 0.39 (1d)
- Cointegration: True (1h, 4h)
Analysis:
- Directional Alignment: The negative z-scores indicate that AMAT is currently statistically "cheap" relative to COHR. Your stated direction (Long AMAT / Short COHR) aligns with the quant-optimal mean-reversion signal.
- Execution Note: These assets are listed on different Hyperliquid deployers (
xyz:AMAT and para:COHR). Because they reside on different DEXes, they are not cross-margined by default. Ensure you have sufficient collateral funded in the respective spot accounts for both legs to avoid partial fills or margin failures.
- Sentiment: No specific sentiment data is currently available for this pair.
- Technical Context: The 1h and 4h z-scores are significantly negative, suggesting a strong mean-reversion setup. The 1d timeframe shows weaker cointegration and a less extreme z-score, indicating this is primarily a short-to-medium-term tactical opportunity.
AMAT
COHR