text 8 May Today’s hot pairs

AAUK-PLM

Sector: Industrial Metals & Minerals
Currently converging from 0.64 standard deviations

Hedge ratio:

8.86

Cointegration:

Over 99%

Avg. holding period:

8 days

σ Equilibrium:

0.7

Profit potential:

194 ticks


You could…

Short AAUK and Buy PLM







JPM-RY

Sector: Money Center Banks
Currently converging from 0.51 standard deviations

Hedge ratio:

0.89

Cointegration:

Over 99%

Avg. holding period:

8 days

σ Equilibrium:

0.24

Profit potential:

163 ticks


You could…

Short JPM and Buy RY







BARE-BTH

Sector: Personal Products
Currently converging from 0.81 standard deviations

Hedge ratio:

0.3

Cointegration:

Over 99%

Avg. holding period:

15 days

σ Equilibrium:

-0.81

Profit potential:

280 ticks


You could…

Buy BARE and Short BTH







DOV-IEX

Sector: Diversified Machinery
Currently converging from 0.37 standard deviations

Hedge ratio:

1.33

Cointegration:

Over 99%

Avg. holding period:

7 days

σ Equilibrium:

0

Profit potential:

65 ticks


You could…

Buy DOV and Short IEX




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