ENJ / TRUMP ratio and spread

1 ENJ = 0.0169357 TRUMP. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.601 and the correlation between the legs is 0.44.

Set an alert on this pair The spread z-score is -0.04 right now. Get a message when it reaches your level — instead of watching the chart.

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If you hold ENJ · If you hold TRUMP

Hedge ratio β 0.601

Spread z-score -0.04

Percentile, 1.7 y 80

Correlation 0.44

Half-life 55.8 1d

The spread is within ±2σ — the pair is near its own norm.

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Key numbers

Current ratio0.0169357

Change 1d17.53%

Change 7d20.93%

Change 30d61.04%

Period high0.0342687

Period low0.00261134

Hedge ratio β0.601

Spread z-score-0.04

Correlation0.44

Half-life56 d

over 623 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 0.44, with a hedge ratio of 0.60. Signals from this pair carry more noise than on a tightly linked one.

The spread is at -0.04 standard deviations from its rolling mean, which is effectively at its own norm.

Reversion is slow: the spread needs roughly 56 days to cover half the way back to its mean. A position would have to be held for a long time.

The current ratio sits mid-range — 45% of the way from the low to the high of the last 623 daily candles.

Frequently asked

How many TRUMP is 1 ENJ?

1 ENJ is worth 0.0169357 TRUMP at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.

What is the ENJ/TRUMP range?

Over the last 623 daily candles the ratio traded between 0.00261134 (19.01.2025) and 0.0342687 (15.04.2026).

Are ENJ and TRUMP correlated?

The correlation of daily log returns between ENJ and TRUMP is 0.44, 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 ENJ/TRUMP spread z-score now?

The z-score is -0.04 — 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 ENJ/TRUMP suitable for a pair trade?

The mechanics hold up: correlation is 0.44 and the spread historically covers half the way back to its mean in about 56 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.