PAIR.TRADING

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17561.94 HOLO

ZEC = 1066.01 USDT
HOLO = 0.06 USDT

export 1d data

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

ZEC / HOLO ratio and spread

1 ZEC = 17561.94 HOLO. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is -0.351 and the correlation between the legs is 0.21.

Set an alert on this pair The spread z-score is 1.97 right now. Get a message when it reaches your level — instead of watching the chart.
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Hedge ratio β -0.351
Spread z-score 1.97
Correlation 0.21
Half-life 24.2 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 ratio17561.9
Change 1d-3.90%
Change 7d-4.29%
Change 30d157.67%
Period high19365.2
Period low274.831
Hedge ratio β-0.351
Spread z-score1.97
Correlation0.21
Half-life24 d

over 350 daily candles

What the numbers say

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

The spread is at 1.97 standard deviations from its rolling mean: away from the norm, but not far enough to call it stretched.

Historically the spread covers half the way back to its mean in about 24 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 350 daily candles.

Frequently asked

How many HOLO is 1 ZEC?

1 ZEC is worth 17561.9 HOLO at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.

What is the ZEC/HOLO range?

Over the last 350 daily candles the ratio traded between 274.831 (29.09.2025) and 19365.2 (10.09.2026).

Are ZEC and HOLO correlated?

The correlation of daily log returns between ZEC and HOLO is 0.21, 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/HOLO spread z-score now?

The z-score is 1.97 — 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 ZEC/HOLO 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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