W / DASH ratio and spread
1 W = 0.000227 DASH. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 1.022 and the correlation between the legs is 0.32.
If you hold W · If you hold DASH
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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 barely move together: correlation of daily log returns is only 0.32. A spread built on such a weak link reverts by coincidence rather than by mechanism.
The spread is at -1.82 standard deviations from its rolling mean: away from the norm, but not far enough to call it stretched.
Reversion is slow: the spread needs roughly 36 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 2% of the way from the low to the high of the last 364 daily candles.
Frequently asked
How many DASH is 1 W?
1 W is worth 0.000227048 DASH at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the W/DASH range?
Over the last 364 daily candles the ratio traded between 0.000137265 (06.09.2026) and 0.0047681 (29.09.2025).
Are W and DASH correlated?
The correlation of daily log returns between W and DASH is 0.32, which counts as a weak 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/DASH spread z-score now?
The z-score is -1.82 — 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 W/DASH suitable for a pair trade?
Weakly. Correlation is only 0.32, so the legs do not reliably move together and the spread carries mostly idiosyncratic noise.
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.