PAIR.TRADING

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121871.26 BABY

ZEC = 1505.11 USDT
BABY = 0.01 USDT

export 1d data

Derived series only: the ratio of the two legs and the spread z-score. Exchange candles are not included.

ZEC / BABY ratio and spread

1 ZEC = 121871.26 BABY. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is -1.448 and the correlation between the legs is 0.22.

Set an alert on this pair The spread z-score is 2.72 right now. Get a message when it reaches your level — instead of watching the chart.
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If you hold ZEC · If you hold BABY

ZEC has been more expensive against BABY than now only 1 % of the time over 1.5 years. If you hold ZEC, this is worth a look at rotating into BABY.

Hedge ratio β -1.448
Spread z-score 2.72
Percentile, 1.5 y 99
Correlation 0.22
Half-life 26.4 1d
β is negative: the legs moved in opposite directions, so this does not work as a pair.

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Key numbers

Current ratio121871
Change 1d2.99%
Change 7d17.51%
Change 30d83.26%
Period high134387
Period low196.314
Hedge ratio β-1.448
Spread z-score2.72
Correlation0.22
Half-life26 d

over 532 daily candles

What the numbers say

The fitted hedge ratio is negative: over the window ZEC and BABY moved in opposite directions. A pair trade assumes the legs move together, so this combination does not qualify as one.

The spread currently sits at 2.72 standard deviations above its rolling mean — ZEC is expensive relative to BABY 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 in the upper part of its range — 91% of the way from the low to the high of the last 532 daily candles.

Frequently asked

How many BABY is 1 ZEC?

1 ZEC is worth 121871 BABY at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.

What is the ZEC/BABY range?

Over the last 532 daily candles the ratio traded between 196.314 (12.04.2025) and 134387 (19.09.2026).

Are ZEC and BABY correlated?

The correlation of daily log returns between ZEC and BABY is 0.22, 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 ZEC/BABY spread z-score now?

The z-score is 2.72 — 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 ZEC/BABY suitable for a pair trade?

No. The fitted hedge ratio is negative, meaning the legs moved in opposite directions over the window — the market-neutral construction that pair trading relies on does not hold here.

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.

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