DODO / U ratio and spread
1 DODO = 0.0252524 U. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is -8.374 and the correlation between the legs is -0.06.
If you hold DODO · If you hold U
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Key numbers
over 287 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 DODO and U 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 3.56 standard deviations above its rolling mean — DODO is expensive relative to U by the standards of this window.
Historically the spread covers half the way back to its mean in about 7 days, so a divergence here tends to resolve within weeks rather than months.
The current ratio sits mid-range — 60% of the way from the low to the high of the last 287 daily candles.
When this happened before
Divergences over 108 candles: 3. Closed by a return to the norm: 2. The median return took 17 days, the longest one 25 days.
The last closed one ran from 05.08.2026 to 30.08.2026, 25 days: peak z = 3.43, DODO was expensive against U.
One is running right now: it started on 26.10.2026, has lasted 0 days, peak z = 3.56, DODO was expensive against U. 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 17 days. That is no guarantee — past divergences closed, this one may not.
| Period | Expensive leg | Peak z | Return |
|---|---|---|---|
| 05.08.2026 — 30.08.2026 | DODO | 3.43 | 25 d |
| 12.07.2026 — 20.07.2026 | DODO | 3.60 | 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 U is 1 DODO?
1 DODO is worth 0.0252524 U at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the DODO/U range?
Over the last 287 daily candles the ratio traded between 0.0139986 (07.03.2026) and 0.0328002 (06.08.2026).
Are DODO and U correlated?
The correlation of daily log returns between DODO and U is -0.06, 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 DODO/U spread z-score now?
The z-score is 3.56 — 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 DODO/U 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 DODO and U diverge?
Over 108 daily candles the spread left ±2σ 3 times. The median return to the norm took 17 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.