AMP / PHA ratio and spread

1 AMP = 0.0093489 PHA. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 1.381 and the correlation between the legs is 0.33.

Set an alert on this pair The spread z-score is -3.73 right now. Get a message when it reaches your level — instead of watching the chart.

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If you hold AMP · If you hold PHA

Hedge ratio β 1.381

Spread z-score -3.73

Correlation 0.33

Half-life 107.3 1d

The spread is beyond −2σ: historically such a divergence closed in about 107 days.

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Key numbers

Current ratio0.00934889

Change 1d59.06%

Change 7d-26.82%

Change 30d-53.26%

Period high0.0668475

Period low0.0058776

Hedge ratio β1.381

Spread z-score-3.73

Correlation0.33

Half-life107 d

over 364 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 0.33. A spread built on such a weak link reverts by coincidence rather than by mechanism.

The spread currently sits at -3.73 standard deviations from its rolling mean — AMP is cheap relative to PHA by the standards of this window.

Reversion is slow: the spread needs roughly 107 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 6% of the way from the low to the high of the last 364 daily candles.

Frequently asked

How many PHA is 1 AMP?

1 AMP is worth 0.00934889 PHA at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.

What is the AMP/PHA range?

Over the last 364 daily candles the ratio traded between 0.0058776 (26.09.2026) and 0.0668475 (06.02.2026).

Are AMP and PHA correlated?

The correlation of daily log returns between AMP and PHA is 0.33, 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 AMP/PHA spread z-score now?

The z-score is -3.73 — 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 AMP/PHA suitable for a pair trade?

Weakly. Correlation is only 0.33, so the legs do not reliably move together and the spread carries mostly idiosyncratic noise.

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.