W / AVAX ratio and spread
1 W = 0.0014208 AVAX. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 1.884 and the correlation between the legs is 0.75.
If you hold W · If you hold AVAX
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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 closely together — correlation of daily log returns is 0.75. The fitted hedge ratio is 1.88, meaning roughly 1.88 units of AVAX exposure balance one unit of W.
The spread currently sits at -2.17 standard deviations from its rolling mean — W is cheap relative to AVAX by the standards of this window.
Historically the spread covers half the way back to its mean in about 22 days, so a divergence here tends to resolve within weeks rather than months.
The current ratio sits near the bottom of its range — only 11% of the way from the low to the high of the last 364 daily candles.
Frequently asked
How many AVAX is 1 W?
1 W is worth 0.00142076 AVAX at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the W/AVAX range?
Over the last 364 daily candles the ratio traded between 0.00102474 (21.09.2026) and 0.0047836 (07.10.2025).
Are W and AVAX correlated?
The correlation of daily log returns between W and AVAX is 0.75, which counts as a strong 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 W/AVAX spread z-score now?
The z-score is -2.17 — 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 W/AVAX suitable for a pair trade?
The mechanics hold up: correlation is 0.75 and the spread historically covers half the way back to its mean in about 22 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.