NOM / WLD ratio and spread

1 NOM = 0.00661 WLD. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 1.688 and the correlation between the legs is 0.29.

Set an alert on this pair The spread z-score is -0.29 right now. Get a message when it reaches your level — instead of watching the chart.

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If you hold NOM · If you hold WLD

Hedge ratio β 1.688

Spread z-score -0.29

Correlation 0.29

Half-life 38.3 1d

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

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Key numbers

Current ratio0.00661004

Change 1d76.60%

Change 7d56.96%

Change 30d70.81%

Period high0.045098

Period low0.00237931

Hedge ratio β1.688

Spread z-score-0.29

Correlation0.29

Half-life38 d

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 0.29. A spread built on such a weak link reverts by coincidence rather than by mechanism.

The spread is at -0.29 standard deviations from its rolling mean, which is effectively at its own norm.

Reversion is slow: the spread needs roughly 38 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 10% of the way from the low to the high of the last 359 daily candles.

Frequently asked

How many WLD is 1 NOM?

1 NOM is worth 0.00661004 WLD at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.

What is the NOM/WLD range?

Over the last 359 daily candles the ratio traded between 0.00237931 (17.06.2026) and 0.045098 (02.04.2026).

Are NOM and WLD correlated?

The correlation of daily log returns between NOM and WLD is 0.29, 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/WLD spread z-score now?

The z-score is -0.29 — 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/WLD suitable for a pair trade?

Weakly. Correlation is only 0.29, 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.