text 5 Aug Today’s hot pairs

NBR-KOG

Sector: Oil & Gas Drilling & Exploration
Currently converging from 0.48 standard deviations

Hedge ratio:

11.13

Cointegration:

Over 99%

Avg. holding period:

14 days

σ Equilibrium:

3.23

Profit potential:

322 ticks


You could…

Short NBR and Buy KOG







MET-MFC

Sector: Life Insurance
Currently converging from 0.47 standard deviations

Hedge ratio:

1.57

Cointegration:

Over 99%

Avg. holding period:

9 days

σ Equilibrium:

0.35

Profit potential:

168 ticks


You could…

Buy MET and Short MFC







JPM-RY

Sector: Money Center Banks
Currently converging from 0.79 standard deviations

Hedge ratio:

0.88

Cointegration:

Over 99%

Avg. holding period:

9 days

σ Equilibrium:

0.29

Profit potential:

244 ticks


You could…

Buy JPM and Short RY







HME-ACC

Sector: REIT - Residential
Currently converging from 1.07 standard deviations

Hedge ratio:

1.71

Cointegration:

Over 99%

Avg. holding period:

9 days

σ Equilibrium:

-0.17

Profit potential:

327 ticks


You could…

Buy HME and Short ACC




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