MUBARAK / WAL ratio and spread
1 MUBARAK = 0.9243566 WAL. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is -0.001 and the correlation between the legs is 0.30.
If you hold MUBARAK · If you hold WAL
MUBARAK has been more expensive against WAL than now only 5 % of the time over 1.0 years. If you hold MUBARAK, this is worth a look at rotating into WAL.
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Key numbers
over 370 daily candles
How each of these is computed: regression spread, hedge ratio, spread z-score, half-life, correlation.
What the numbers say
The fitted hedge ratio is negative: over the window MUBARAK and WAL moved in opposite directions. A pair trade assumes the legs move together, so this combination does not qualify as one.
The spread currently sits at 2.25 standard deviations above its rolling mean — MUBARAK is expensive relative to WAL by the standards of this window.
Reversion is slow: the spread needs roughly 223 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 — 38% of the way from the low to the high of the last 370 daily candles.
Frequently asked
How many WAL is 1 MUBARAK?
1 MUBARAK is worth 0.924357 WAL at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the MUBARAK/WAL range?
Over the last 370 daily candles the ratio traded between 0.0740511 (08.11.2025) and 2.31506 (09.10.2026).
Are MUBARAK and WAL correlated?
The correlation of daily log returns between MUBARAK and WAL is 0.30, 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 MUBARAK/WAL spread z-score now?
The z-score is 2.25 — 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 MUBARAK/WAL suitable for a pair trade?
No. The fitted hedge ratio is negative, meaning the legs moved in opposite directions over the window — the market-neutral construction that pair trading relies on does not hold here.
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.