CMI-DRC

Sector: Diversified Machinery
Currently converging from 0.69 standard deviations

Hedge ratio: 1.56

Cointegration: Over 99%

Avg. holding period: 7 days

σ Equilibrium: -0.88

Profit potential: 444 ticks

You could…

Buy CMI and Short DRC

NOV-NOA

Sector: Oil & Gas Equipment & Services
Currently converging from 0.39 standard deviations

Hedge ratio: 4.27

Cointegration: Over 99%

Avg. holding period: 18 days

σ Equilibrium: 4.61

Profit potential: 433 ticks

You could…

Short NOV and Buy NOA

FRE-AFN

Sector: Mortgage Investment
Currently converging from 0.68 standard deviations

Hedge ratio: 9.74

Cointegration: Over 99%

Avg. holding period: 8 days

σ Equilibrium: -2.33

Profit potential: 430 ticks

You could…

Buy FRE and Short AFN

ITMN-CRGN

Sector: Biotechnology
Currently converging from 0.56 standard deviations

Hedge ratio: 10.89

Cointegration: Over 99%

Avg. holding period: 10 days

σ Equilibrium: 4.72

Profit potential: 521 ticks

You could…

Buy ITMN and Short CRGN