ADA / DODO ratio and spread
1 ADA = 8.023 DODO. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 1.161 and the correlation between the legs is 0.38.
If you hold ADA · If you hold DODO
ADA is cheaper against DODO than in 1 % of the time over 1.1 years. If you hold DODO, this is worth a look at rotating into ADA.
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Key numbers
over 393 daily candles
How each of these is computed: regression spread, hedge ratio, spread z-score, half-life, correlation.
What the numbers say
The legs barely move together: correlation of daily log returns is only 0.38. A spread built on such a weak link reverts by coincidence rather than by mechanism.
The spread currently sits at -2.26 standard deviations from its rolling mean — ADA is cheap relative to DODO by the standards of this window.
Reversion is slow: the spread needs roughly 38 days to cover half the way back to its mean. A position would have to be held for a long time.
The current ratio sits near the bottom of its range — only 14% of the way from the low to the high of the last 393 daily candles.
When this happened before
Divergences over 214 candles: 2. Closed by a return to the norm: 1. The median return took 129 days, the longest one 129 days.
The last closed one ran from 14.04.2026 to 21.08.2026, 129 days: peak z = -4.25, DODO was expensive against ADA.
One is running right now: it started on 26.10.2026, has lasted 0 days, peak z = -2.26, DODO was expensive against ADA. It has not returned to the norm yet.
For a holder this answers not “what to do” but “how long it usually took”: the median return is 129 days. That is no guarantee — past divergences closed, this one may not.
| Period | Expensive leg | Peak z | Return |
|---|---|---|---|
| 14.04.2026 — 21.08.2026 | DODO | -4.25 | 129 d |
A divergence here is the spread z-score leaving ±2σ; the return is the first value back inside ±0.5σ. Two thresholds rather than one: otherwise chatter right at the border would count as a dozen separate divergences. The first bars of the window are skipped — there z is computed on partial history.
Frequently asked
How many DODO is 1 ADA?
1 ADA is worth 8.02289 DODO at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the ADA/DODO range?
Over the last 393 daily candles the ratio traded between 5.69029 (15.07.2026) and 21.8162 (12.01.2026).
Are ADA and DODO correlated?
The correlation of daily log returns between ADA and DODO is 0.38, which counts as a weak link. Log returns are used rather than prices: two rising assets correlate almost by default, joint day-to-day movement is what matters.
What is the ADA/DODO spread z-score now?
The z-score is -2.26 — the spread is stretched beyond two standard deviations. It measures how far the regression residual log(A) − β·log(B) sits from its rolling mean, in standard deviations.
Is ADA/DODO suitable for a pair trade?
Weakly. Correlation is only 0.38, so the legs do not reliably move together and the spread carries mostly idiosyncratic noise.
How often do ADA and DODO diverge?
Over 214 daily candles the spread left ±2σ 2 times. The median return to the norm took 129 days.
Related pairs
Other pairs sharing a leg with this one.
All figures are computed from exchange data and describe past behaviour. Nothing here is investment advice.