OGN / ERA ratio and spread
1 OGN = 0.4119527 ERA. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.569 and the correlation between the legs is 0.32.
If you hold OGN · If you hold ERA
OGN has been more expensive against ERA than now only 1 % of the time over 1.0 years. If you hold OGN, this is worth a look at rotating into ERA.
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Key numbers
over 376 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 0.32. A spread built on such a weak link reverts by coincidence rather than by mechanism.
The spread currently sits at 4.96 standard deviations above its rolling mean — OGN is expensive relative to ERA by the standards of this window.
Historically the spread covers half the way back to its mean in about 23 days, so a divergence here tends to resolve within weeks rather than months.
The current ratio sits mid-range — 54% of the way from the low to the high of the last 376 daily candles.
Frequently asked
How many ERA is 1 OGN?
1 OGN is worth 0.411953 ERA at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the OGN/ERA range?
Over the last 376 daily candles the ratio traded between 0.0635374 (11.10.2025) and 0.711248 (09.10.2026).
Are OGN and ERA correlated?
The correlation of daily log returns between OGN and ERA is 0.32, 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 OGN/ERA spread z-score now?
The z-score is 4.96 — 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 OGN/ERA suitable for a pair trade?
Weakly. Correlation is only 0.32, 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.