Crypto Relative Value
Composite Z: -0.90σ (22th percentile)
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BTC/SPX, ETH/BTC, BTC/Gold rolling z-scores - relative-value composite signal.
- BTC $65,285, ETH $1,904
- Composite Z: -0.90σ (22th percentile)
- 6 oversold signals since 2017-01-01
BTC/SPX Z
-1.69σ
ETH/BTC Z
+0.01σ
BTC/Gold Z
-1.00σ
Composite Z
-0.90σ
BTC Price
$65,285
ETH Price
$1,904
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 | -1.69 | 12.30 |
| ETH/BTC | 0.01 | 61.20 |
| BTC/Gold | -1.00 | 22.50 |
| Composite | -0.90 | 21.80 |