BMT / ZEC ratio and spread
1 BMT = 1.7E-5 ZEC. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is -0.590 and the correlation between the legs is 0.14.
If you hold BMT · If you hold ZEC
Sign in to keep favourite pairs.
Alerts
Sign in to set your own alerts.
Key numbers
over 584 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 BMT and ZEC moved in opposite directions. A pair trade assumes the legs move together, so this combination does not qualify as one.
The spread is at 1.82 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 26 days, so a divergence here tends to resolve within weeks rather than months.
The current ratio sits near the bottom of its range — only 0% of the way from the low to the high of the last 584 daily candles.
When this happened before
Divergences over 405 candles: 4. Closed by a return to the norm: 3. The median return took 22 days, the longest one 80 days.
The last closed one ran from 03.02.2026 to 24.04.2026, 80 days: peak z = -2.93, ZEC was expensive against BMT.
One is running right now: it started on 09.08.2026, has lasted 74 days, peak z = 4.65, BMT was expensive against ZEC. 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 22 days. That is no guarantee — past divergences closed, this one may not.
| Period | Expensive leg | Peak z | Return |
|---|---|---|---|
| 03.02.2026 — 24.04.2026 | ZEC | -2.93 | 80 d |
| 07.11.2025 — 29.11.2025 | BMT | 2.40 | 22 d |
| 08.10.2025 — 16.10.2025 | BMT | 2.36 | 8 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 ZEC is 1 BMT?
1 BMT is worth 0.000017000848097228 ZEC at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the BMT/ZEC range?
Over the last 584 daily candles the ratio traded between 0.000012067203927282 (27.09.2026) and 0.0096292 (18.03.2025).
Are BMT and ZEC correlated?
The correlation of daily log returns between BMT and ZEC is 0.14, 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/ZEC spread z-score now?
The z-score is 1.82 — 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/ZEC 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.
How often do BMT and ZEC diverge?
Over 405 daily candles the spread left ±2σ 4 times. The median return to the norm took 22 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.