TREE / WLD ratio and spread
1 TREE = 0.0984734 WLD. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.919 and the correlation between the legs is 0.45.
If you hold TREE · If you hold WLD
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Key numbers
over 391 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 0.45, with a hedge ratio of 0.92. Signals from this pair carry more noise than on a tightly linked one.
The spread is at -0.59 standard deviations from its rolling mean, which is effectively at its own norm.
Reversion is slow: the spread needs roughly 75 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 11% of the way from the low to the high of the last 391 daily candles.
When this happened before
Divergences over 212 candles: 3. Closed by a return to the norm: 3. The median return took 35 days, the longest one 115 days.
The last closed one ran from 01.06.2026 to 24.09.2026, 115 days: peak z = -4.89, WLD was expensive against TREE.
For a holder this answers not “what to do” but “how long it usually took”: the median return is 35 days. That is no guarantee — past divergences closed, this one may not.
| Period | Expensive leg | Peak z | Return |
|---|---|---|---|
| 01.06.2026 — 24.09.2026 | WLD | -4.89 | 115 d |
| 18.04.2026 — 23.05.2026 | TREE | 2.93 | 35 d |
| 06.04.2026 — 11.04.2026 | TREE | 2.24 | 5 d |
A divergence here is the spread z-score leaving ±2σ; the return is the first value back inside ±0.5σ. Two thresholds rather than one: otherwise chatter right at the border would count as a dozen separate divergences. The first bars of the window are skipped — there z is computed on partial history.
Frequently asked
How many WLD is 1 TREE?
1 TREE is worth 0.0984734 WLD at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the TREE/WLD range?
Over the last 391 daily candles the ratio traded between 0.0650076 (21.10.2026) and 0.363601 (06.04.2026).
Are TREE and WLD correlated?
The correlation of daily log returns between TREE and WLD is 0.45, 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 TREE/WLD spread z-score now?
The z-score is -0.59 — 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 TREE/WLD suitable for a pair trade?
The mechanics hold up: correlation is 0.45 and the spread historically covers half the way back to its mean in about 75 days. That is a description of past behaviour, not a forecast or a recommendation.
How often do TREE and WLD diverge?
Over 212 daily candles the spread left ±2σ 3 times. The median return to the norm took 35 days.
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.