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1.919 CVC

THE = 0.068 USDT

CVC = 0.035 USDT

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Derived series only: the ratio of the two legs and the spread z-score. Exchange candles are not included.

THE / CVC ratio and spread

1 THE = 1.919 CVC. Below is the price ratio chart and the regression spread z-score. Hedge ratio β is 1.292 and the correlation between the legs is 0.35.

Set an alert on this pair The spread z-score is -5.38 right now. Get a message when it reaches your level — instead of watching the chart.

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Hedge ratio β 1.292

Spread z-score -5.38

Correlation 0.35

Half-life 52.9 1d

The spread is beyond −2σ: historically such a divergence closed in about 53 days.

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Key numbers

Current ratio1.91851

Change 1d-37.84%

Change 7d-46.39%

Change 30d-45.10%

Period high19.482

Period low1.91851

Hedge ratio β1.292

Spread z-score-5.38

Correlation0.35

Half-life53 d

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 barely move together: correlation of daily log returns is only 0.35. A spread built on such a weak link reverts by coincidence rather than by mechanism.

The spread currently sits at -5.38 standard deviations from its rolling mean — THE is cheap relative to CVC by the standards of this window.

Reversion is slow: the spread needs roughly 53 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 0% of the way from the low to the high of the last 350 daily candles.

Frequently asked

How many CVC is 1 THE?

1 THE is worth 1.91851 CVC at the latest exchange quotes. The figure is the ratio of the two USDT prices and updates every minute.

What is the THE/CVC range?

Over the last 350 daily candles the ratio traded between 1.91851 (13.09.2026) and 19.482 (15.03.2026).

Are THE and CVC correlated?

The correlation of daily log returns between THE and CVC is 0.35, 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 THE/CVC spread z-score now?

The z-score is -5.38 — 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 THE/CVC suitable for a pair trade?

Weakly. Correlation is only 0.35, so the legs do not reliably move together and the spread carries mostly idiosyncratic noise.

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.