FWLT-ICA

Sector: Heavy Construction
Currently converging from 0.76 standard deviations

Hedge ratio: 2.78

Cointegration: Over 99%

Avg. holding period: 10 days

σ Equilibrium: 1.47

Profit potential: 403 ticks

You could…

Short FWLT and Buy ICA

CB-EIG

Sector: Property & Casualty Insurance
Currently converging from 0.35 standard deviations

Hedge ratio: 3.02

Cointegration: Over 99%

Avg. holding period: 14 days

σ Equilibrium: 1.04

Profit potential: 203 ticks

You could…

Short CB and Buy EIG

ITT-IEX

Sector: Diversified Machinery
Currently converging from 0.49 standard deviations

Hedge ratio: 1.79

Cointegration: Over 99%

Avg. holding period: 9 days

σ Equilibrium: 0.33

Profit potential: 135 ticks

You could…

Short ITT and Buy IEX

TGT-TUES

Sector: Discount. Variety Stores
Currently converging from 0.18 standard deviations

Hedge ratio: 10.01

Cointegration: Over 99%

Avg. holding period: 15 days

σ Equilibrium: 5.54

Profit potential: 210 ticks

You could…

Buy TGT and Short TUES