BMT / TREE ratio and spread
1 BMT = 0.7853814 TREE. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.627 and the correlation between the legs is 0.38.
If you hold BMT · If you hold TREE
BMT has been more expensive against TREE than now only 3 % of the time over 1.1 years. If you hold BMT, this is worth a look at rotating into TREE.
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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 barely move together: correlation of daily log returns is only 0.38. A spread built on such a weak link reverts by coincidence rather than by mechanism.
The spread is at 1.68 standard deviations from its rolling mean: away from the norm, but not far enough to call it stretched.
Historically the spread covers half the way back to its mean in about 12 days, so a divergence here tends to resolve within weeks rather than months.
The current ratio sits mid-range — 63% of the way from the low to the high of the last 391 daily candles.
When this happened before
Divergences over 212 candles: 1, and none of them has closed with a return to the norm yet.
One is running right now: it started on 01.08.2026, has lasted 84 days, peak z = 11.28, BMT was expensive against TREE. It has not returned to the norm yet.
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 TREE is 1 BMT?
1 BMT is worth 0.785381 TREE at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the BMT/TREE range?
Over the last 391 daily candles the ratio traded between 0.164202 (06.04.2026) and 1.14763 (10.08.2026).
Are BMT and TREE correlated?
The correlation of daily log returns between BMT and TREE is 0.38, 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/TREE spread z-score now?
The z-score is 1.68 — 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 BMT/TREE suitable for a pair trade?
Weakly. Correlation is only 0.38, so the legs do not reliably move together and the spread carries mostly idiosyncratic noise.
How often do BMT and TREE diverge?
Over 212 daily candles the spread left ±2σ 1 times, and none of those divergences has closed with a return to the norm yet.
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.