INIT / TAO ratio and spread
1 INIT = 0.0006053 TAO. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 1.146 and the correlation between the legs is 0.37.
If you hold INIT · If you hold TAO
INIT has been more expensive against TAO than now only 4 % of the time over 1.1 years. If you hold INIT, this is worth a look at rotating into TAO.
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Key numbers
over 391 daily candles
How each of these is computed: regression spread, hedge ratio, spread z-score, half-life, correlation.
What the numbers say
The legs barely move together: correlation of daily log returns is only 0.37. A spread built on such a weak link reverts by coincidence rather than by mechanism.
The spread currently sits at 3.84 standard deviations above its rolling mean — INIT is expensive relative to TAO by the standards of this window.
Historically the spread covers half the way back to its mean in about 17 days, so a divergence here tends to resolve within weeks rather than months.
The current ratio sits mid-range — 47% of the way from the low to the high of the last 391 daily candles.
When this happened before
Divergences over 212 candles: 1, and none of them has closed with a return to the norm yet.
One is running right now: it started on 05.10.2026, has lasted 19 days, peak z = 3.84, INIT was expensive against TAO. 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 TAO is 1 INIT?
1 INIT is worth 0.000605299 TAO at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the INIT/TAO range?
Over the last 391 daily candles the ratio traded between 0.000210905 (15.06.2026) and 0.00105263 (03.10.2025).
Are INIT and TAO correlated?
The correlation of daily log returns between INIT and TAO is 0.37, 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 INIT/TAO spread z-score now?
The z-score is 3.84 — 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 INIT/TAO suitable for a pair trade?
Weakly. Correlation is only 0.37, so the legs do not reliably move together and the spread carries mostly idiosyncratic noise.
How often do INIT and TAO diverge?
Over 212 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.