MICC-NZT

Sector: Telecom Services - Foreign
Currently converging from 0.73 standard deviations

Hedge ratio: 6.79

Cointegration: Over 99%

Avg. holding period: 11 days

σ Equilibrium: -0.02

Profit potential: 693 ticks

You could…

Short MICC and Buy NZT

RE-ENH

Sector: Property & Casualty Insurance
Currently converging from 1.05 standard deviations

Hedge ratio: 2.56

Cointegration: Over 99%

Avg. holding period: 10 days

σ Equilibrium: 0.44

Profit potential: 509 ticks

You could…

Buy RE and Short ENH

FPL-ORA

Sector: Electric Utilities
Currently converging from 0.35 standard deviations

Hedge ratio: 1.4

Cointegration: Over 99%

Avg. holding period: 15 days

σ Equilibrium: 1.1

Profit potential: 203 ticks

You could…

Buy FPL and Short ORA

MDT-VAR

Sector: Medical Appliances & Equipment
Currently converging from 0.51 standard deviations

Hedge ratio: 0.95

Cointegration: Over 99%

Avg. holding period: 11 days

σ Equilibrium: 0.17

Profit potential: 210 ticks

You could…

Buy MDT and Short VAR