FIL / ICP ratio and spread
1 FIL = 0.3544854 ICP. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 1.233 and the correlation between the legs is 0.72.
If you hold FIL · If you hold ICP
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Key numbers
over 1981 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 closely together — correlation of daily log returns is 0.72. The fitted hedge ratio is 1.23, meaning roughly 1.23 units of ICP exposure balance one unit of FIL.
The spread is at -0.28 standard deviations from its rolling mean, which is effectively at its own norm.
Reversion is slow: the spread needs roughly 71 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 near the bottom of its range — only 19% of the way from the low to the high of the last 1981 daily candles.
Frequently asked
How many ICP is 1 FIL?
1 FIL is worth 0.354485 ICP at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the FIL/ICP range?
Over the last 1981 daily candles the ratio traded between 0.0506673 (11.05.2021) and 1.63116 (12.10.2021).
Are FIL and ICP correlated?
The correlation of daily log returns between FIL and ICP is 0.72, which counts as a strong 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 FIL/ICP spread z-score now?
The z-score is -0.28 — 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 FIL/ICP suitable for a pair trade?
The mechanics hold up: correlation is 0.72 and the spread historically covers half the way back to its mean in about 71 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.