text 14 Jul Today’s hot pairs

FAST-OC

Sector: General Building Materials
Currently converging from 0.56 standard deviations

Hedge ratio:

2

Cointegration:

Over 99%

Avg. holding period:

13 days

σ Equilibrium:

1.74

Profit potential:

399 ticks


You could…

Short FAST and Buy OC







MRX-LXRX

Sector: Biotechnology
Currently converging from 0.72 standard deviations

Hedge ratio:

9.18

Cointegration:

Over 99%

Avg. holding period:

8 days

σ Equilibrium:

0.75

Profit potential:

207 ticks


You could…

Short MRX and Buy LXRX







FPL-ORA

Sector: Electric Utilities
Currently converging from 0.19 standard deviations

Hedge ratio:

1.39

Cointegration:

Over 99%

Avg. holding period:

14 days

σ Equilibrium:

1.07

Profit potential:

108 ticks


You could…

Short FPL and Buy ORA







DOV-IEX

Sector: Diversified Machinery
Currently converging from 0.51 standard deviations

Hedge ratio:

1.33

Cointegration:

Over 99%

Avg. holding period:

8 days

σ Equilibrium:

0.02

Profit potential:

89 ticks


You could…

Short DOV and Buy IEX




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