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4.26E-5 PAXG

BAT = 0.1753 USDT

PAXG = 4111.42 USDT

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BAT / PAXG ratio and spread

1 BAT = 4.26E-5 PAXG. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is -1.440 and the correlation between the legs is 0.11.

Set an alert on this pair The spread z-score is 3.33 right now. Get a message when it reaches your level — instead of watching the chart.

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If you hold BAT · If you hold PAXG

Hedge ratio β -1.440

Spread z-score 3.33

Percentile, 6.1 y 22

Correlation 0.11

Half-life 118.1 1d

link broke The spread is far from its mean, but BAT and PAXG no longer move together. This is not a stretched spring — the link broke: there is nothing to revert to, and the pair cannot be traded as a pair.

Alerts

Key numbers

Current ratio0.000042637336978465

Change 1d14.66%

Change 7d76.24%

Change 30d130.95%

Period high0.00107286

Period low0.000013108456547515

Hedge ratio β-1.440

Spread z-score3.33

Correlation0.11

Half-life118 d

over 2238 daily candles

How each of these is computed: regression spread, hedge ratio, spread z-score, half-life, correlation.

What the numbers say

The fitted hedge ratio is negative: over the window BAT and PAXG moved in opposite directions. A pair trade assumes the legs move together, so this combination does not qualify as one.

The spread currently sits at 3.33 standard deviations above its rolling mean — BAT is expensive relative to PAXG by the standards of this window.

Reversion is slow: the spread needs roughly 118 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 3% of the way from the low to the high of the last 2238 daily candles.

Frequently asked

How many PAXG is 1 BAT?

1 BAT is worth 0.000042637336978465 PAXG at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.

What is the BAT/PAXG range?

Over the last 2238 daily candles the ratio traded between 0.000013108456547515 (14.08.2026) and 0.00107286 (28.11.2021).

Are BAT and PAXG correlated?

The correlation of daily log returns between BAT and PAXG is 0.11, 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 BAT/PAXG spread z-score now?

The z-score is 3.33 — 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 BAT/PAXG suitable for a pair trade?

No. The fitted hedge ratio is negative, meaning the legs moved in opposite directions over the window — the market-neutral construction that pair trading relies on does not hold here.

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.