PAIR.TRADING

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119.29 HOLO

AVAX = 7.44 USDT
HOLO = 0.06 USDT

export 1d data

Derived series only: the ratio of the two legs and the spread z-score. Exchange candles are not included.

AVAX / HOLO ratio and spread

1 AVAX = 119.29 HOLO. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 1.048 and the correlation between the legs is 0.64.

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Hedge ratio β 1.048
Spread z-score 1.43
Correlation 0.64
Half-life 32.4 1d
The spread is within ±2σ — the pair is near its own norm.

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Key numbers

Current ratio119.295
Change 1d1.57%
Change 7d2.97%
Change 30d33.53%
Period high203.418
Period low62.6411
Hedge ratio β1.048
Spread z-score1.43
Correlation0.64
Half-life32 d

over 350 daily candles

What the numbers say

The legs move together only moderately — correlation of daily log returns is 0.64, with a hedge ratio of 1.05. Signals from this pair carry more noise than on a tightly linked one.

The spread is at 1.43 standard deviations from its rolling mean: away from the norm, but not far enough to call it stretched.

Reversion is slow: the spread needs roughly 32 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 mid-range — 40% of the way from the low to the high of the last 350 daily candles.

Frequently asked

How many HOLO is 1 AVAX?

1 AVAX is worth 119.295 HOLO at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.

What is the AVAX/HOLO range?

Over the last 350 daily candles the ratio traded between 62.6411 (12.08.2026) and 203.418 (01.01.2026).

Are AVAX and HOLO correlated?

The correlation of daily log returns between AVAX and HOLO is 0.64, 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 AVAX/HOLO spread z-score now?

The z-score is 1.43 — the spread is within its usual range. It measures how far the regression residual log(A) − β·log(B) sits from its rolling mean, in standard deviations.

Is AVAX/HOLO suitable for a pair trade?

The mechanics hold up: correlation is 0.64 and the spread historically covers half the way back to its mean in about 32 days. That is a description of past behaviour, not a forecast or a recommendation.

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.

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