Crypto Relative Value
Composite Z: -1.61σ (5th percentile)
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BTC/SPX, ETH/BTC, BTC/Gold rolling z-scores - relative-value composite signal.
- BTC $60,970, ETH $1,581
- Composite Z: -1.61σ (5th percentile)
- 6 oversold signals since 2017-01-01
BTC/SPX Z
-2.52σ
ETH/BTC Z
-0.64σ
BTC/Gold Z
-1.67σ
Composite Z
-1.61σ
BTC Price
$60,970
ETH Price
$1,581
When to run this study
Run when considering adding or sizing up crypto exposure. Identifies when BTC is historically cheap relative to equities (BTC/SPX), gold (BTC/Gold), and when ETH is cheap within crypto (ETH/BTC) — the composite of all three flags the highest-conviction dip-buying windows.
Historical results
Current Z-Scores
| Ratio | Z-Score | Percentile |
|---|---|---|
| BTC/SPX | -2.52 | 1.80 |
| ETH/BTC | -0.64 | 46.80 |
| BTC/Gold | -1.67 | 13.60 |
| Composite | -1.61 | 4.80 |