text 9 Jul Today’s hot pairs

ICE-ONT

Sector: Business Services
Currently converging from 0.23 standard deviations

Hedge ratio:

133.44

Cointegration:

Over 99%

Avg. holding period:

11 days

σ Equilibrium:

22.86

Profit potential:

1037 ticks


You could…

Short ICE and Buy ONT







CP-RAIL

Sector: Railroads
Currently converging from 0.79 standard deviations

Hedge ratio:

1.75

Cointegration:

Over 99%

Avg. holding period:

8 days

σ Equilibrium:

0.87

Profit potential:

457 ticks


You could…

Short CP and Buy RAIL







ALXN-ALTH

Sector: Drug Manufacturers - Other
Currently converging from 1 standard deviations

Hedge ratio:

5.34

Cointegration:

Over 99%

Avg. holding period:

10 days

σ Equilibrium:

0.61

Profit potential:

420 ticks


You could…

Buy ALXN and Short ALTH







LAZ-RMG

Sector: Asset Management
Currently converging from 1.18 standard deviations

Hedge ratio:

1.87

Cointegration:

Over 99%

Avg. holding period:

6 days

σ Equilibrium:

0.36

Profit potential:

411 ticks


You could…

Buy LAZ and Short RMG




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