ADA / INIT ratio and spread
1 ADA = 1.381 INIT. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.940 and the correlation between the legs is 0.47.
If you hold ADA · If you hold INIT
ADA is cheaper against INIT than in 0 % of the time over 1.1 years. If you hold INIT, this is worth a look at rotating into ADA.
Sign in to keep favourite pairs.
Alerts
Sign in to set your own alerts.
Key numbers
over 391 daily candles
How each of these is computed: regression spread, hedge ratio, spread z-score, half-life, correlation.
What the numbers say
The legs move together only moderately — correlation of daily log returns is 0.47, with a hedge ratio of 0.94. Signals from this pair carry more noise than on a tightly linked one.
The spread currently sits at -3.61 standard deviations from its rolling mean — ADA is cheap relative to INIT by the standards of this window.
Reversion is slow: the spread needs roughly 50 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 0% of the way from the low to the high of the last 391 daily candles.
When this happened before
Divergences over 212 candles: 3. Closed by a return to the norm: 2. The median return took 36 days, the longest one 39 days.
The last closed one ran from 03.08.2026 to 05.09.2026, 33 days: peak z = 2.79, ADA was expensive against INIT.
One is running right now: it started on 30.09.2026, has lasted 24 days, peak z = -3.81, INIT 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 36 days. That is no guarantee — past divergences closed, this one may not.
| Period | Expensive leg | Peak z | Return |
|---|---|---|---|
| 03.08.2026 — 05.09.2026 | ADA | 2.79 | 33 d |
| 18.04.2026 — 27.05.2026 | INIT | -2.12 | 39 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 INIT is 1 ADA?
1 ADA is worth 1.38071 INIT at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the ADA/INIT range?
Over the last 391 daily candles the ratio traded between 1.38071 (24.10.2026) and 4.85592 (11.12.2025).
Are ADA and INIT correlated?
The correlation of daily log returns between ADA and INIT is 0.47, which counts as a moderate 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/INIT spread z-score now?
The z-score is -3.61 — 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/INIT suitable for a pair trade?
The mechanics hold up: correlation is 0.47 and the spread historically covers half the way back to its mean in about 50 days. That is a description of past behaviour, not a forecast or a recommendation.
How often do ADA and INIT diverge?
Over 212 daily candles the spread left ±2σ 3 times. The median return to the norm took 36 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.