GTC / PENGU ratio and spread
1 GTC = 15.7 PENGU. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.837 and the correlation between the legs is 0.45.
If you hold GTC · If you hold PENGU
GTC has been more expensive against PENGU than now only 5 % of the time over 1.0 years. If you hold GTC, this is worth a look at rotating into PENGU.
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Key numbers
over 369 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 0.45, 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 2.61 standard deviations above its rolling mean — GTC is expensive relative to PENGU by the standards of this window.
Historically the spread covers half the way back to its mean in about 8 days, so a divergence here tends to resolve within weeks rather than months.
The current ratio sits mid-range — 45% of the way from the low to the high of the last 369 daily candles.
Frequently asked
How many PENGU is 1 GTC?
1 GTC is worth 15.7002 PENGU at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the GTC/PENGU range?
Over the last 369 daily candles the ratio traded between 8.00337 (05.05.2026) and 25.2464 (19.04.2026).
Are GTC and PENGU correlated?
The correlation of daily log returns between GTC and PENGU is 0.45, 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 GTC/PENGU spread z-score now?
The z-score is 2.61 — 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 GTC/PENGU suitable for a pair trade?
The mechanics hold up: correlation is 0.45 and the spread historically covers half the way back to its mean in about 8 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.