MET / INJ ratio and spread
1 MET = 0.0606914 INJ. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.546 and the correlation between the legs is 0.38.
If you hold MET · If you hold INJ
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Key numbers
over 330 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 0.38. A spread built on such a weak link reverts by coincidence rather than by mechanism.
The spread currently sits at 2.96 standard deviations above its rolling mean — MET is expensive relative to INJ by the standards of this window.
Reversion is slow: the spread needs roughly 39 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 mid-range — 75% of the way from the low to the high of the last 330 daily candles.
Frequently asked
How many INJ is 1 MET?
1 MET is worth 0.0606914 INJ at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the MET/INJ range?
Over the last 330 daily candles the ratio traded between 0.0175394 (09.06.2026) and 0.0748774 (20.02.2026).
Are MET and INJ correlated?
The correlation of daily log returns between MET and INJ is 0.38, 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 MET/INJ spread z-score now?
The z-score is 2.96 — 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 MET/INJ suitable for a pair trade?
Weakly. Correlation is only 0.38, 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.