RARE / AMP ratio and spread
1 RARE = 28 AMP. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.963 and the correlation between the legs is 0.38.
If you hold RARE · If you hold AMP
Sign in to keep favourite pairs.
Alerts
Sign in to set your own alerts.
Key numbers
over 1770 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 0.38. A spread built on such a weak link reverts by coincidence rather than by mechanism.
The spread is at 0.60 standard deviations from its rolling mean, which is effectively at its own norm.
Reversion is slow: the spread needs roughly 50 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 mid-range — 26% of the way from the low to the high of the last 1770 daily candles.
Frequently asked
How many AMP is 1 RARE?
1 RARE is worth 27.9971 AMP at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the RARE/AMP range?
Over the last 1770 daily candles the ratio traded between 7.91684 (12.03.2024) and 86.1676 (18.08.2024).
Are RARE and AMP correlated?
The correlation of daily log returns between RARE and AMP is 0.38, 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 RARE/AMP spread z-score now?
The z-score is 0.60 — 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 RARE/AMP suitable for a pair trade?
Weakly. Correlation is only 0.38, 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.