PAXG / HBAR ratio and spread

1 PAXG = 32062.54 HBAR. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.050 and the correlation between the legs is 0.07.

Set an alert on this pair The spread z-score is -0.77 right now. Get a message when it reaches your level — instead of watching the chart.

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If you hold PAXG · If you hold HBAR

Hedge ratio β 0.050

Spread z-score -0.77

Percentile, 6.1 y 78

Correlation 0.07

Half-life none

The spread does not revert to its mean — it cannot be traded on reversion.

Alerts

Key numbers

Current ratio32062.5

Change 1d-29.83%

Change 7d-36.05%

Change 30d-45.26%

Period high66936

Period low3128.47

Hedge ratio β0.050

Spread z-score-0.77

Correlation0.07

Half-life—

over 2223 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 0.07. A spread built on such a weak link reverts by coincidence rather than by mechanism.

The spread is at -0.77 standard deviations from its rolling mean, which is effectively at its own norm.

The spread has not shown mean reversion over the sample: estimates longer than the available history are discarded rather than reported. Trading this pair on reversion has no statistical footing here.

The current ratio sits mid-range — 45% of the way from the low to the high of the last 2223 daily candles.

Frequently asked

How many HBAR is 1 PAXG?

1 PAXG is worth 32062.5 HBAR at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.

What is the PAXG/HBAR range?

Over the last 2223 daily candles the ratio traded between 3128.47 (16.09.2021) and 66936 (16.08.2026).

Are PAXG and HBAR correlated?

The correlation of daily log returns between PAXG and HBAR is 0.07, 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 PAXG/HBAR spread z-score now?

The z-score is -0.77 — 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 PAXG/HBAR suitable for a pair trade?

Not on a reversion thesis. The spread has not returned to its mean within the available history, so there is nothing to trade back to.

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.