MOVR / ETH ratio and spread

1 MOVR = 0.0006824 ETH. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 1.493 and the correlation between the legs is 0.38.

Set an alert on this pair The spread z-score is -0.96 right now. Get a message when it reaches your level — instead of watching the chart.

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If you hold MOVR · If you hold ETH

Hedge ratio β 1.493

Spread z-score -0.96

Percentile, 1.0 y 13

Correlation 0.38

Half-life 36.5 1d

The spread is within ±2σ — the pair is near its own norm.

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Key numbers

Current ratio0.000682394

Change 1d89.70%

Change 7d98.23%

Change 30d101.80%

Period high0.00178343

Period low0.000280571

Hedge ratio β1.493

Spread z-score-0.96

Correlation0.38

Half-life37 d

over 367 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 is at -0.96 standard deviations from its rolling mean, which is effectively at its own norm.

Reversion is slow: the spread needs roughly 37 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 — 27% of the way from the low to the high of the last 367 daily candles.

Frequently asked

How many ETH is 1 MOVR?

1 MOVR is worth 0.000682394 ETH at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.

What is the MOVR/ETH range?

Over the last 367 daily candles the ratio traded between 0.000280571 (11.09.2026) and 0.00178343 (17.04.2026).

Are MOVR and ETH correlated?

The correlation of daily log returns between MOVR and ETH 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 MOVR/ETH spread z-score now?

The z-score is -0.96 — 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 MOVR/ETH 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.