text 8 Jun Today’s hot pairs

EDU-LRN

Sector: Education & Training Services
Currently converging from 0.9 standard deviations

Hedge ratio:

2.78

Cointegration:

Over 99%

Avg. holding period:

9 days

σ Equilibrium:

0.8

Profit potential:

734 ticks


You could…

Short EDU and Buy LRN







BIIB-ENZN

Sector: Biotechnology
Currently converging from 0.73 standard deviations

Hedge ratio:

7.28

Cointegration:

Over 99%

Avg. holding period:

14 days

σ Equilibrium:

0.87

Profit potential:

525 ticks


You could…

Buy BIIB and Short ENZN







NOV-WG

Sector: Oil & Gas Equipment & Services
Currently converging from 0.74 standard deviations

Hedge ratio:

1.95

Cointegration:

Over 99%

Avg. holding period:

11 days

σ Equilibrium:

1.99

Profit potential:

484 ticks


You could…

Short NOV and Buy WG







TCK-PLM

Sector: Industrial Metals & Minerals
Currently converging from 0.52 standard deviations

Hedge ratio:

12.39

Cointegration:

Over 99%

Avg. holding period:

9 days

σ Equilibrium:

-0.89

Profit potential:

171 ticks


You could…

Buy TCK and Short PLM




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