PEPE / STEEM ratio and spread
1 PEPE = 5.42E-5 STEEM. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 1.002 and the correlation between the legs is 0.48.
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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 together only moderately — correlation of daily log returns is 0.48, with a hedge ratio of 1.00. Signals from this pair carry more noise than on a tightly linked one.
The spread currently sits at -3.27 standard deviations from its rolling mean — PEPE is cheap relative to STEEM by the standards of this window.
Historically the spread covers half the way back to its mean in about 10 days, so a divergence here tends to resolve within weeks rather than months.
The current ratio sits near the bottom of its range — only 11% of the way from the low to the high of the last 350 daily candles.
Frequently asked
How many STEEM is 1 PEPE?
1 PEPE is worth 0.000054246402024356 STEEM at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the PEPE/STEEM range?
Over the last 350 daily candles the ratio traded between 0.000048275862068966 (27.02.2026) and 0.000101681 (04.01.2026).
Are PEPE and STEEM correlated?
The correlation of daily log returns between PEPE and STEEM is 0.48, 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 PEPE/STEEM spread z-score now?
The z-score is -3.27 — 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 PEPE/STEEM suitable for a pair trade?
The mechanics hold up: correlation is 0.48 and the spread historically covers half the way back to its mean in about 10 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.