FET / RLC ratio and spread
1 FET = 0.2873864 RLC. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 1.088 and the correlation between the legs is 0.55.
If you hold FET · If you hold RLC
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Key numbers
over 2519 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 0.55, with a hedge ratio of 1.09. Signals from this pair carry more noise than on a tightly linked one.
The spread currently sits at -4.15 standard deviations from its rolling mean — FET is cheap relative to RLC by the standards of this window.
Reversion is slow: the spread needs roughly 219 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 — 26% of the way from the low to the high of the last 2519 daily candles.
Frequently asked
How many RLC is 1 FET?
1 FET is worth 0.287386 RLC at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the FET/RLC range?
Over the last 2519 daily candles the ratio traded between 0.0279026 (17.07.2020) and 1.02313 (02.10.2024).
Are FET and RLC correlated?
The correlation of daily log returns between FET and RLC is 0.55, 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 FET/RLC spread z-score now?
The z-score is -4.15 — 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 FET/RLC suitable for a pair trade?
The mechanics hold up: correlation is 0.55 and the spread historically covers half the way back to its mean in about 219 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.