HAEDAL / INIT ratio and spread
1 HAEDAL = 0.1274819 INIT. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 1.165 and the correlation between the legs is 0.53.
If you hold HAEDAL · If you hold INIT
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Key numbers
over 395 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 1.16. Signals from this pair carry more noise than on a tightly linked one.
The spread is at -1.87 standard deviations from its rolling mean: away from the norm, but not far enough to call it stretched.
Reversion is slow: the spread needs roughly 72 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 0% of the way from the low to the high of the last 395 daily candles.
When this happened before
Divergences over 216 candles: 1, and none of them has closed with a return to the norm yet.
One is running right now: it started on 05.09.2026, has lasted 53 days, peak z = -4.37, INIT was expensive against HAEDAL. It has not returned to the norm yet.
A divergence here is the spread z-score leaving ±2σ; the return is the first value back inside ±0.5σ. Two thresholds rather than one: otherwise chatter right at the border would count as a dozen separate divergences. The first bars of the window are skipped — there z is computed on partial history.
Frequently asked
How many INIT is 1 HAEDAL?
1 HAEDAL is worth 0.127482 INIT at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the HAEDAL/INIT range?
Over the last 395 daily candles the ratio traded between 0.125767 (25.10.2026) and 0.87438 (06.11.2025).
Are HAEDAL and INIT correlated?
The correlation of daily log returns between HAEDAL and INIT 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 HAEDAL/INIT spread z-score now?
The z-score is -1.87 — 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 HAEDAL/INIT 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 72 days. That is a description of past behaviour, not a forecast or a recommendation.
How often do HAEDAL and INIT diverge?
Over 216 daily candles the spread left ±2σ 1 times, and none of those divergences has closed with a return to the norm yet.
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.