PAIR.TRADING

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0.4540323 HEI

HOLO = 0.0563 USDT
HEI = 0.124 USDT

export 1d data

Derived series only: the ratio of the two legs and the spread z-score. Exchange candles are not included.

HOLO / HEI ratio and spread

1 HOLO = 0.4540323 HEI. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.598 and the correlation between the legs is 0.23.

Set an alert on this pair The spread z-score is -1.18 right now. Get a message when it reaches your level — instead of watching the chart.
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Hedge ratio β 0.598
Spread z-score -1.18
Correlation 0.23
Half-life 7.9 1d
The spread is within ±2σ — the pair is near its own norm.

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Key numbers

Current ratio0.454032
Change 1d-10.86%
Change 7d-13.60%
Change 30d13.89%
Period high1.22705
Period low0.12905
Hedge ratio β0.598
Spread z-score-1.18
Correlation0.23
Half-life8 d

over 354 daily candles

What the numbers say

The legs barely move together: correlation of daily log returns is only 0.23. A spread built on such a weak link reverts by coincidence rather than by mechanism.

The spread is at -1.18 standard deviations from its rolling mean: away from the norm, but not far enough to call it stretched.

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 — 30% of the way from the low to the high of the last 354 daily candles.

Frequently asked

How many HEI is 1 HOLO?

1 HOLO is worth 0.454032 HEI at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.

What is the HOLO/HEI range?

Over the last 354 daily candles the ratio traded between 0.12905 (06.08.2026) and 1.22705 (28.05.2026).

Are HOLO and HEI correlated?

The correlation of daily log returns between HOLO and HEI is 0.23, which counts as a weak 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 HOLO/HEI spread z-score now?

The z-score is -1.18 — 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 HOLO/HEI suitable for a pair trade?

Weakly. Correlation is only 0.23, so the legs do not reliably move together and the spread carries mostly idiosyncratic noise.

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.

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