NIL / XAUT ratio and spread

1 NIL = 2.99E-5 XAUT. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 1.541 and the correlation between the legs is 0.14.

Set an alert on this pair The spread z-score is 5.15 right now. Get a message when it reaches your level — instead of watching the chart.

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If you hold NIL · If you hold XAUT

Hedge ratio β 1.541

Spread z-score 5.15

Correlation 0.14

Half-life 27.2 1d

link broke The spread is far from its mean, but NIL and XAUT no longer move together. This is not a stretched spring — the link broke: there is nothing to revert to, and the pair cannot be traded as a pair.

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Key numbers

Current ratio0.000029881404451715

Change 1d54.84%

Change 7d216.57%

Change 30d206.51%

Period high0.000029881404451715

Period low0.000007195793098791

Hedge ratio β1.541

Spread z-score5.15

Correlation0.14

Half-life27 d

over 183 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 0.14. A spread built on such a weak link reverts by coincidence rather than by mechanism.

The spread currently sits at 5.15 standard deviations above its rolling mean — NIL is expensive relative to XAUT by the standards of this window.

Historically the spread covers half the way back to its mean in about 27 days, so a divergence here tends to resolve within weeks rather than months.

The current ratio sits in the upper part of its range — 100% of the way from the low to the high of the last 183 daily candles.

Frequently asked

How many XAUT is 1 NIL?

1 NIL is worth 0.000029881404451715 XAUT at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.

What is the NIL/XAUT range?

Over the last 183 daily candles the ratio traded between 0.000007195793098791 (13.04.2026) and 0.000029881404451715 (24.09.2026).

Are NIL and XAUT correlated?

The correlation of daily log returns between NIL and XAUT is 0.14, 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 NIL/XAUT spread z-score now?

The z-score is 5.15 — 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 NIL/XAUT suitable for a pair trade?

Weakly. Correlation is only 0.14, 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.