BMT / HUMA ratio and spread
1 BMT = 1.116 HUMA. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.812 and the correlation between the legs is 0.21.
If you hold BMT · If you hold HUMA
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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 0.21. A spread built on such a weak link reverts by coincidence rather than by mechanism.
The spread currently sits at 3.20 standard deviations above its rolling mean — BMT is expensive relative to HUMA by the standards of this window.
Historically the spread covers half the way back to its mean in about 19 days, so a divergence here tends to resolve within weeks rather than months.
The current ratio sits mid-range — 41% of the way from the low to the high of the last 393 daily candles.
When this happened before
Divergences over 214 candles: 3. Closed by a return to the norm: 2. The median return took 56 days, the longest one 109 days.
The last closed one ran from 09.08.2026 to 12.08.2026, 3 days: peak z = 2.95, BMT was expensive against HUMA.
One is running right now: it started on 23.10.2026, has lasted 3 days, peak z = 3.40, BMT was expensive against HUMA. 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 56 days. That is no guarantee — past divergences closed, this one may not.
| Period | Expensive leg | Peak z | Return |
|---|---|---|---|
| 09.08.2026 — 12.08.2026 | BMT | 2.95 | 3 d |
| 22.04.2026 — 09.08.2026 | HUMA | 2.95 | 109 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 HUMA is 1 BMT?
1 BMT is worth 1.11639 HUMA at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the BMT/HUMA range?
Over the last 393 daily candles the ratio traded between 0.465784 (07.07.2026) and 2.04358 (10.08.2026).
Are BMT and HUMA correlated?
The correlation of daily log returns between BMT and HUMA is 0.21, 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 BMT/HUMA spread z-score now?
The z-score is 3.20 — 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 BMT/HUMA suitable for a pair trade?
Weakly. Correlation is only 0.21, so the legs do not reliably move together and the spread carries mostly idiosyncratic noise.
How often do BMT and HUMA diverge?
Over 214 daily candles the spread left ±2σ 3 times. The median return to the norm took 56 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.