TAO / W ratio and spread
1 TAO = 21096.69 W. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.198 and the correlation between the legs is 0.59.
If you hold TAO · If you hold W
Sign in to keep favourite pairs.
Alerts
Sign in to set your own alerts.
Key numbers
over 364 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 0.59, with a hedge ratio of 0.20. Signals from this pair carry more noise than on a tightly linked one.
The spread currently sits at 2.06 standard deviations above its rolling mean — TAO is expensive relative to W by the standards of this window.
Historically the spread covers half the way back to its mean in about 26 days, so a divergence here tends to resolve within weeks rather than months.
The current ratio sits mid-range — 73% of the way from the low to the high of the last 364 daily candles.
Frequently asked
How many W is 1 TAO?
1 TAO is worth 21096.7 W at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the TAO/W range?
Over the last 364 daily candles the ratio traded between 2404.76 (07.10.2025) and 27930.7 (14.06.2026).
Are TAO and W correlated?
The correlation of daily log returns between TAO and W is 0.59, 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 TAO/W spread z-score now?
The z-score is 2.06 — 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 TAO/W suitable for a pair trade?
The mechanics hold up: correlation is 0.59 and the spread historically covers half the way back to its mean in about 26 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.