STRK / W ratio and spread
1 STRK = 5.078 W. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.852 and the correlation between the legs is 0.66.
If you hold STRK · If you hold W
STRK has been more expensive against W than now only 0 % of the time over 2.5 years. If you hold STRK, this is worth a look at rotating into W.
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Key numbers
over 923 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 0.66, with a hedge ratio of 0.85. Signals from this pair carry more noise than on a tightly linked one.
The spread currently sits at 5.22 standard deviations above its rolling mean — STRK is expensive relative to W by the standards of this window.
Reversion is slow: the spread needs roughly 40 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 in the upper part of its range — 85% of the way from the low to the high of the last 923 daily candles.
Frequently asked
How many W is 1 STRK?
1 STRK is worth 5.07785 W at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the STRK/W range?
Over the last 923 daily candles the ratio traded between 0.973077 (02.10.2024) and 5.82033 (11.10.2026).
Are STRK and W correlated?
The correlation of daily log returns between STRK and W is 0.66, 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/W spread z-score now?
The z-score is 5.22 — 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/W suitable for a pair trade?
The mechanics hold up: correlation is 0.66 and the spread historically covers half the way back to its mean in about 40 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.