DOGE / PHA ratio and spread
1 DOGE = 1.835 PHA. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.839 and the correlation between the legs is 0.53.
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Key numbers
over 359 daily candles
How each of these is computed: regression spread, hedge ratio, spread z-score, half-life, correlation.
What the numbers say
The legs move together only moderately — correlation of daily log returns is 0.53, with a hedge ratio of 0.84. Signals from this pair carry more noise than on a tightly linked one.
The spread currently sits at -3.38 standard deviations from its rolling mean — DOGE is cheap relative to PHA by the standards of this window.
Historically the spread covers half the way back to its mean in about 16 days, so a divergence here tends to resolve within weeks rather than months.
The current ratio sits near the bottom of its range — only 7% of the way from the low to the high of the last 359 daily candles.
Frequently asked
How many PHA is 1 DOGE?
1 DOGE is worth 1.83544 PHA at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the DOGE/PHA range?
Over the last 359 daily candles the ratio traded between 1.66176 (26.05.2026) and 4.19684 (25.02.2026).
Are DOGE and PHA correlated?
The correlation of daily log returns between DOGE and PHA is 0.53, which counts as a moderate 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 DOGE/PHA spread z-score now?
The z-score is -3.38 — 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 DOGE/PHA suitable for a pair trade?
The mechanics hold up: correlation is 0.53 and the spread historically covers half the way back to its mean in about 16 days. That is a description of past behaviour, not a forecast or a recommendation.
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.