S / TRX ratio and spread
1 S = 0.20366 TRX. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is -3.258 and the correlation between the legs is 0.36.
If you hold S · If you hold TRX
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Key numbers
over 378 daily candles
How each of these is computed: regression spread, hedge ratio, spread z-score, half-life, correlation.
What the numbers say
The fitted hedge ratio is negative: over the window S and TRX moved in opposite directions. A pair trade assumes the legs move together, so this combination does not qualify as one.
The spread is at 1.10 standard deviations from its rolling mean: away from the norm, but not far enough to call it stretched.
Reversion is slow: the spread needs roughly 33 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 near the bottom of its range — only 17% of the way from the low to the high of the last 378 daily candles.
Frequently asked
How many TRX is 1 S?
1 S is worth 0.20366 TRX at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the S/TRX range?
Over the last 378 daily candles the ratio traded between 0.0640345 (26.06.2026) and 0.897548 (08.10.2025).
Are S and TRX correlated?
The correlation of daily log returns between S and TRX is 0.36, 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 S/TRX spread z-score now?
The z-score is 1.10 — 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 S/TRX suitable for a pair trade?
No. The fitted hedge ratio is negative, meaning the legs moved in opposite directions over the window — the market-neutral construction that pair trading relies on does not hold here.
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.