ZRO / ICP ratio and spread
1 ZRO = 0.535704 ICP. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.888 and the correlation between the legs is 0.54.
If you hold ZRO · If you hold ICP
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Key numbers
over 833 daily candles
How each of these is computed: regression spread, hedge ratio, spread z-score, half-life, correlation.
What the numbers say
The legs move together only moderately — correlation of daily log returns is 0.54, with a hedge ratio of 0.89. Signals from this pair carry more noise than on a tightly linked one.
The spread is at 0.48 standard deviations from its rolling mean, which is effectively at its own norm.
Historically the spread covers half the way back to its mean in about 29 days, so a divergence here tends to resolve within weeks rather than months.
The current ratio sits mid-range — 40% of the way from the low to the high of the last 833 daily candles.
Frequently asked
How many ICP is 1 ZRO?
1 ZRO is worth 0.535704 ICP at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the ZRO/ICP range?
Over the last 833 daily candles the ratio traded between 0.175449 (08.11.2025) and 1.07158 (11.02.2026).
Are ZRO and ICP correlated?
The correlation of daily log returns between ZRO and ICP is 0.54, which counts as a moderate 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 ZRO/ICP spread z-score now?
The z-score is 0.48 — 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 ZRO/ICP suitable for a pair trade?
The mechanics hold up: correlation is 0.54 and the spread historically covers half the way back to its mean in about 29 days. That is a description of past behaviour, not a forecast or a recommendation.
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.