NEAR / XAUT ratio and spread
1 NEAR = 0.0011449 XAUT. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is -4.189 and the correlation between the legs is 0.24.
If you hold NEAR · If you hold XAUT
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Key numbers
over 220 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 NEAR and XAUT moved in opposite directions. A pair trade assumes the legs move together, so this combination does not qualify as one.
The spread is at 0.53 standard deviations from its rolling mean, which is effectively at its own norm.
Historically the spread covers half the way back to its mean in about 24 days, so a divergence here tends to resolve within weeks rather than months.
The current ratio sits mid-range — 77% of the way from the low to the high of the last 220 daily candles.
When this happened before
Divergences over 41 candles: 1. Closed by a return to the norm: 1. The median return took 39 days, the longest one 39 days.
The last closed one ran from 21.09.2026 to 31.10.2026, 39 days: peak z = 3.30, NEAR was expensive against XAUT.
For a holder this answers not “what to do” but “how long it usually took”: the median return is 39 days. That is no guarantee — past divergences closed, this one may not.
| Period | Expensive leg | Peak z | Return |
|---|---|---|---|
| 21.09.2026 — 31.10.2026 | NEAR | 3.30 | 39 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 XAUT is 1 NEAR?
1 NEAR is worth 0.00114488 XAUT at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the NEAR/XAUT range?
Over the last 220 daily candles the ratio traded between 0.000253307 (02.04.2026) and 0.00140872 (12.10.2026).
Are NEAR and XAUT correlated?
The correlation of daily log returns between NEAR and XAUT is 0.24, 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 NEAR/XAUT spread z-score now?
The z-score is 0.53 — 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 NEAR/XAUT 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.
How often do NEAR and XAUT diverge?
Over 41 daily candles the spread left ±2σ 1 times. The median return to the norm took 39 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.