OGN / W ratio and spread
1 OGN = 1.971 W. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.522 and the correlation between the legs is 0.53.
If you hold OGN · If you hold W
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Key numbers
over 923 daily candles
How each of these is computed: regression spread, hedge ratio, spread z-score, half-life, correlation.
What the numbers say
The legs move together only moderately — correlation of daily log returns is 0.53, with a hedge ratio of 0.52. Signals from this pair carry more noise than on a tightly linked one.
The spread currently sits at 2.83 standard deviations above its rolling mean — OGN is expensive relative to W by the standards of this window.
Historically the spread covers half the way back to its mean in about 10 days, so a divergence here tends to resolve within weeks rather than months.
The current ratio sits mid-range — 64% of the way from the low to the high of the last 923 daily candles.
Frequently asked
How many W is 1 OGN?
1 OGN is worth 1.97097 W at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the OGN/W range?
Over the last 923 daily candles the ratio traded between 0.126129 (03.04.2024) and 3.02292 (09.10.2026).
Are OGN and W correlated?
The correlation of daily log returns between OGN and W is 0.53, which counts as a moderate 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/W spread z-score now?
The z-score is 2.83 — 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/W suitable for a pair trade?
The mechanics hold up: correlation is 0.53 and the spread historically covers half the way back to its mean in about 10 days. That is a description of past behaviour, not a forecast or a recommendation.
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.