ZEC / ONE ratio and spread
1 ZEC = 975576.23 ONE. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is -0.383 and the correlation between the legs is 0.29.
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Key numbers
over 354 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 ONE 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 2.99 standard deviations above its rolling mean — ZEC is expensive relative to ONE by the standards of this window.
Historically the spread covers half the way back to its mean in about 19 days, so a divergence here tends to resolve within weeks rather than months.
The current ratio sits mid-range — 53% of the way from the low to the high of the last 354 daily candles.
Frequently asked
How many ONE is 1 ZEC?
1 ZEC is worth 975576 ONE at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the ZEC/ONE range?
Over the last 354 daily candles the ratio traded between 7823.03 (29.09.2025) and 1848235.29 (10.09.2026).
Are ZEC and ONE correlated?
The correlation of daily log returns between ZEC and ONE is 0.29, 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/ONE spread z-score now?
The z-score is 2.99 — 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/ONE 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.