STEEM / PEPE ratio and spread
1 STEEM = 17495.55 PEPE. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 0.826 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 0.83. Signals from this pair carry more noise than on a tightly linked one.
The spread currently sits at 4.04 standard deviations above its rolling mean — STEEM is expensive relative to PEPE by the standards of this window.
Historically the spread covers half the way back to its mean in about 11 days, so a divergence here tends to resolve within weeks rather than months.
The current ratio sits mid-range — 70% of the way from the low to the high of the last 350 daily candles.
Frequently asked
How many PEPE is 1 STEEM?
1 STEEM is worth 17495.5 PEPE at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.
What is the STEEM/PEPE range?
Over the last 350 daily candles the ratio traded between 9834.71 (04.01.2026) and 20714.3 (27.02.2026).
Are STEEM and PEPE correlated?
The correlation of daily log returns between STEEM and PEPE 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 STEEM/PEPE spread z-score now?
The z-score is 4.04 — 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 STEEM/PEPE 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 11 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.