NOM / NEAR ratio and spread
1 NOM = 0.0005774 NEAR. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.229 and the correlation between the legs is 0.27.
If you hold NOM · If you hold NEAR
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Key numbers
over 359 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 0.27. A spread built on such a weak link reverts by coincidence rather than by mechanism.
The spread is at -0.38 standard deviations from its rolling mean, which is effectively at its own norm.
Reversion is slow: the spread needs roughly 61 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 near the bottom of its range — only 1% of the way from the low to the high of the last 359 daily candles.
Frequently asked
How many NEAR is 1 NOM?
1 NOM is worth 0.000577354 NEAR at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the NOM/NEAR range?
Over the last 359 daily candles the ratio traded between 0.000399819 (23.09.2026) and 0.017984 (01.10.2025).
Are NOM and NEAR correlated?
The correlation of daily log returns between NOM and NEAR is 0.27, 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 NOM/NEAR spread z-score now?
The z-score is -0.38 — 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 NOM/NEAR suitable for a pair trade?
Weakly. Correlation is only 0.27, 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.