text 24 Sep Today’s hot pairs

GILD-MNTA

Sector: Biotechnology
Currently converging from 0.25 standard deviations

Hedge ratio:

4.23

Cointegration:

Over 99%

Avg. holding period:

15 days

σ Equilibrium:

2.23

Profit potential:

238 ticks


You could…

Buy GILD and Short MNTA







TCK-PLM

Sector: Industrial Metals & Minerals
Currently converging from 1.33 standard deviations

Hedge ratio:

12.29

Cointegration:

Over 99%

Avg. holding period:

9 days

σ Equilibrium:

-0.73

Profit potential:

467 ticks


You could…

Buy TCK and Short PLM







DIOD-TXCC

Sector: Semiconductor - Integrated Circuits
Currently converging from 0.55 standard deviations

Hedge ratio:

31.52

Cointegration:

Over 99%

Avg. holding period:

10 days

σ Equilibrium:

0.22

Profit potential:

215 ticks


You could…

Buy DIOD and Short TXCC







BID-BGP

Sector: Specialty Retail. Other
Currently converging from 0.5 standard deviations

Hedge ratio:

3.52

Cointegration:

Over 99%

Avg. holding period:

15 days

σ Equilibrium:

2.05

Profit potential:

228 ticks


You could…

Short BID and Buy BGP




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