text 17 Aug Today’s hot pairs

RIMM-CCI

Sector: Diversified Communication Services
Currently converging from 0.47 standard deviations

Hedge ratio:

2.88

Cointegration:

Over 99%

Avg. holding period:

12 days

σ Equilibrium:

-0.69

Profit potential:

605 ticks


You could…

Buy RIMM and Short CCI







NUVA-VVUS

Sector: Medical Instruments & Supplies
Currently converging from 1.29 standard deviations

Hedge ratio:

6.69

Cointegration:

Over 99%

Avg. holding period:

12 days

σ Equilibrium:

0.81

Profit potential:

677 ticks


You could…

Buy NUVA and Short VVUS







OSG-TNK

Sector: Shipping
Currently converging from 0.58 standard deviations

Hedge ratio:

3.55

Cointegration:

Over 99%

Avg. holding period:

7 days

σ Equilibrium:

-0.69

Profit potential:

360 ticks


You could…

Short OSG and Buy TNK







DO-MWE

Sector: Oil & Gas Drilling & Exploration
Currently converging from 0.08 standard deviations

Hedge ratio:

3.77

Cointegration:

Over 99%

Avg. holding period:

17 days

σ Equilibrium:

4.76

Profit potential:

119 ticks


You could…

Short DO and Buy MWE




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