PAIR.TRADING

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30.02 SPCXB

PAXG = 4337.84 USDT
SPCXB = 144.51 USDT

export 1d data

Derived series only: the ratio of the two legs and the spread z-score. Exchange candles are not included.

PAXG / SPCXB ratio and spread

1 PAXG = 30.02 SPCXB. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.051 and the correlation between the legs is 0.14.

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Hedge ratio β 0.051
Spread z-score 0.23
Correlation 0.14
Half-life 16.8 1d
The spread is within ±2σ — the pair is near its own norm.

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Key numbers

Current ratio30.0176
Change 1d4.03%
Change 7d4.20%
Change 30d1.69%
Period high37.2492
Period low18.9058
Hedge ratio β0.051
Spread z-score0.23
Correlation0.14
Half-life17 d

over 97 daily candles

What the numbers say

The legs barely move together: correlation of daily log returns is only 0.14. A spread built on such a weak link reverts by coincidence rather than by mechanism.

The spread is at 0.23 standard deviations from its rolling mean, which is effectively at its own norm.

Historically the spread covers half the way back to its mean in about 17 days, so a divergence here tends to resolve within weeks rather than months.

The current ratio sits mid-range — 61% of the way from the low to the high of the last 97 daily candles.

Frequently asked

How many SPCXB is 1 PAXG?

1 PAXG is worth 30.0176 SPCXB at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.

What is the PAXG/SPCXB range?

Over the last 97 daily candles the ratio traded between 18.9058 (16.06.2026) and 37.2492 (02.08.2026).

Are PAXG and SPCXB correlated?

The correlation of daily log returns between PAXG and SPCXB is 0.14, 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/SPCXB spread z-score now?

The z-score is 0.23 — 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/SPCXB suitable for a pair trade?

Weakly. Correlation is only 0.14, 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.

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