INIT / TREE ratio and spread
1 INIT = 3.188 TREE. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.587 and the correlation between the legs is 0.51.
If you hold INIT · If you hold TREE
INIT has been more expensive against TREE than now only 1 % of the time over 1.1 years. If you hold INIT, this is worth a look at rotating into TREE.
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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 move together only moderately — correlation of daily log returns is 0.51, with a hedge ratio of 0.59. Signals from this pair carry more noise than on a tightly linked one.
The spread currently sits at 2.89 standard deviations above its rolling mean — INIT is expensive relative to TREE by the standards of this window.
Reversion is slow: the spread needs roughly 44 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 in the upper part of its range — 87% of the way from the low to the high of the last 391 daily candles.
When this happened before
Divergences over 212 candles: 2. Closed by a return to the norm: 1. The median return took 15 days, the longest one 15 days.
The last closed one ran from 07.05.2026 to 22.05.2026, 15 days: peak z = 2.49, INIT was expensive against TREE.
One is running right now: it started on 18.09.2026, has lasted 36 days, peak z = 3.73, INIT was expensive against TREE. It has not returned to the norm yet.
For a holder this answers not “what to do” but “how long it usually took”: the median return is 15 days. That is no guarantee — past divergences closed, this one may not.
| Period | Expensive leg | Peak z | Return |
|---|---|---|---|
| 07.05.2026 — 22.05.2026 | INIT | 2.49 | 15 d |
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 TREE is 1 INIT?
1 INIT is worth 3.18774 TREE at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the INIT/TREE range?
Over the last 391 daily candles the ratio traded between 0.664694 (10.11.2025) and 3.58005 (16.10.2026).
Are INIT and TREE correlated?
The correlation of daily log returns between INIT and TREE is 0.51, 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 INIT/TREE spread z-score now?
The z-score is 2.89 — 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/TREE suitable for a pair trade?
The mechanics hold up: correlation is 0.51 and the spread historically covers half the way back to its mean in about 44 days. That is a description of past behaviour, not a forecast or a recommendation.
How often do INIT and TREE diverge?
Over 212 daily candles the spread left ±2σ 2 times. The median return to the norm took 15 days.
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.