STRK / RAY ratio and spread
1 STRK = 0.0253567 RAY. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 1.046 and the correlation between the legs is 0.53.
If you hold STRK · If you hold RAY
STRK is cheaper against RAY than in 1 % of the time over 2.6 years. If you hold RAY, this is worth a look at rotating into STRK.
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Key numbers
over 962 daily candles
How each of these is computed: regression spread, hedge ratio, spread z-score, half-life, correlation.
What the numbers say
The legs move together only moderately — correlation of daily log returns is 0.53, with a hedge ratio of 1.05. Signals from this pair carry more noise than on a tightly linked one.
The spread currently sits at -2.12 standard deviations from its rolling mean — STRK is cheap relative to RAY by the standards of this window.
Reversion is slow: the spread needs roughly 153 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 0% of the way from the low to the high of the last 962 daily candles.
Frequently asked
How many RAY is 1 STRK?
1 STRK is worth 0.0253567 RAY at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the STRK/RAY range?
Over the last 962 daily candles the ratio traded between 0.0169019 (12.09.2026) and 7.04431 (20.02.2024).
Are STRK and RAY correlated?
The correlation of daily log returns between STRK and RAY is 0.53, which counts as a moderate 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 STRK/RAY spread z-score now?
The z-score is -2.12 — the spread is stretched beyond two standard deviations. It measures how far the regression residual log(A) − β·log(B) sits from its rolling mean, in standard deviations.
Is STRK/RAY suitable for a pair trade?
The mechanics hold up: correlation is 0.53 and the spread historically covers half the way back to its mean in about 153 days. That is a description of past behaviour, not a forecast or a recommendation.
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.