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11231.97 NIL

ZEC = 1490.37 USDT

NIL = 0.13 USDT

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

ZEC / NIL ratio and spread

1 ZEC = 11231.97 NIL. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is -0.179 and the correlation between the legs is 0.22.

Set an alert on this pair The spread z-score is 2.82 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 NIL

Hedge ratio β -0.179

Spread z-score 2.82

Correlation 0.22

Half-life 37.5 1d

β is negative: the legs moved in opposite directions, so this does not work as a pair.

Alerts

Key numbers

Current ratio11232

Change 1d-42.01%

Change 7d-66.12%

Change 30d-40.89%

Period high35028.6

Period low250.017

Hedge ratio β-0.179

Spread z-score2.82

Correlation0.22

Half-life38 d

over 361 daily candles

How each of these is computed: regression spread, hedge ratio, spread z-score, half-life, correlation.

What the numbers say

The fitted hedge ratio is negative: over the window ZEC and NIL 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 2.82 standard deviations above its rolling mean — ZEC is expensive relative to NIL by the standards of this window.

Reversion is slow: the spread needs roughly 38 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 mid-range — 32% of the way from the low to the high of the last 361 daily candles.

Frequently asked

How many NIL is 1 ZEC?

1 ZEC is worth 11232 NIL at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.

What is the ZEC/NIL range?

Over the last 361 daily candles the ratio traded between 250.017 (29.09.2025) and 35028.6 (18.09.2026).

Are ZEC and NIL correlated?

The correlation of daily log returns between ZEC and NIL 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/NIL spread z-score now?

The z-score is 2.82 — 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/NIL 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.