PAIR.TRADING

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2214.46 THE

SPCXB = 143.94 USDT
THE = 0.07 USDT

export 1d data

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

SPCXB / THE ratio and spread

1 SPCXB = 2214.46 THE. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.560 and the correlation between the legs is 0.10.

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Hedge ratio β 0.560
Spread z-score -0.22
Correlation 0.10
Half-life 8.7 1d
The spread is within ±2σ — the pair is near its own norm.

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Key numbers

Current ratio2214.46
Change 1d-0.91%
Change 7d7.33%
Change 30d-6.30%
Period high3282.73
Period low1793.83
Hedge ratio β0.560
Spread z-score-0.22
Correlation0.10
Half-life9 d

over 97 daily candles

What the numbers say

The legs barely move together: correlation of daily log returns is only 0.10. A spread built on such a weak link reverts by coincidence rather than by mechanism.

The spread is at -0.22 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 9 days, so a divergence here tends to resolve within weeks rather than months.

The current ratio sits mid-range — 28% of the way from the low to the high of the last 97 daily candles.

Frequently asked

How many THE is 1 SPCXB?

1 SPCXB is worth 2214.46 THE at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.

What is the SPCXB/THE range?

Over the last 97 daily candles the ratio traded between 1793.83 (10.08.2026) and 3282.73 (30.06.2026).

Are SPCXB and THE correlated?

The correlation of daily log returns between SPCXB and THE is 0.10, 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 SPCXB/THE spread z-score now?

The z-score is -0.22 — 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 SPCXB/THE suitable for a pair trade?

Weakly. Correlation is only 0.10, 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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