ADA / ENA ratio and spread
1 ADA = 1.481 ENA. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.731 and the correlation between the legs is 0.71.
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Key numbers
over 350 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 closely together — correlation of daily log returns is 0.71. The fitted hedge ratio is 0.73, meaning roughly 0.73 units of ENA exposure balance one unit of ADA.
The spread is at -1.01 standard deviations from its rolling mean: away from the norm, but not far enough to call it stretched.
Reversion is slow: the spread needs roughly 42 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 near the bottom of its range — only 17% of the way from the low to the high of the last 350 daily candles.
Frequently asked
How many ENA is 1 ADA?
1 ADA is worth 1.48119 ENA at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the ADA/ENA range?
Over the last 350 daily candles the ratio traded between 1.14797 (28.08.2026) and 3.11029 (05.04.2026).
Are ADA and ENA correlated?
The correlation of daily log returns between ADA and ENA is 0.71, which counts as a strong 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 ADA/ENA spread z-score now?
The z-score is -1.01 — 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 ADA/ENA suitable for a pair trade?
The mechanics hold up: correlation is 0.71 and the spread historically covers half the way back to its mean in about 42 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.