text 29 Jul Today’s hot pairs

HOC-SUF

Sector: Oil & Gas Refining & Marketing
Currently converging from 0.49 standard deviations

Hedge ratio:

10.45

Cointegration:

Over 99%

Avg. holding period:

9 days

σ Equilibrium:

4.82

Profit potential:

458 ticks


You could…

Short HOC and Buy SUF







MDR-ICA

Sector: Heavy Construction
Currently converging from 0.85 standard deviations

Hedge ratio:

2.14

Cointegration:

Over 99%

Avg. holding period:

11 days

σ Equilibrium:

0.02

Profit potential:

406 ticks


You could…

Short MDR and Buy ICA







JPM-RY

Sector: Money Center Banks
Currently converging from 1.06 standard deviations

Hedge ratio:

0.88

Cointegration:

Over 99%

Avg. holding period:

9 days

σ Equilibrium:

0.29

Profit potential:

328 ticks


You could…

Buy JPM and Short RY







ATW-MWE

Sector: Oil & Gas Drilling & Exploration
Currently converging from 0.69 standard deviations

Hedge ratio:

1.35

Cointegration:

Over 99%

Avg. holding period:

11 days

σ Equilibrium:

0.43

Profit potential:

312 ticks


You could…

Buy ATW and Short MWE




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