text 13 Jul Today’s hot pairs

ALXN-ALTH

Sector: Drug Manufacturers - Other
Currently converging from 0.88 standard deviations

Hedge ratio:

5.34

Cointegration:

Over 99%

Avg. holding period:

10 days

σ Equilibrium:

0.61

Profit potential:

370 ticks


You could…

Buy ALXN and Short ALTH







TRV-RNR

Sector: Property & Casualty Insurance
Currently converging from 0.79 standard deviations

Hedge ratio:

0.88

Cointegration:

Over 99%

Avg. holding period:

8 days

σ Equilibrium:

0.06

Profit potential:

190 ticks


You could…

Buy TRV and Short RNR







QCOM-TNS

Sector: Communication Equipment
Currently converging from 0.27 standard deviations

Hedge ratio:

2.38

Cointegration:

Over 99%

Avg. holding period:

11 days

σ Equilibrium:

2.54

Profit potential:

231 ticks


You could…

Buy QCOM and Short TNS







MXGL-OB

Sector: Property & Casualty Insurance
Currently converging from 1.04 standard deviations

Hedge ratio:

1.31

Cointegration:

Over 99%

Avg. holding period:

9 days

σ Equilibrium:

0.48

Profit potential:

240 ticks


You could…

Short MXGL and Buy OB




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