text 22 Oct Today’s hot pairs

ONXX-LXRX

Sector: Biotechnology
Currently converging from 0.73 standard deviations

Hedge ratio:

18.28

Cointegration:

Over 99%

Avg. holding period:

11 days

σ Equilibrium:

1.62

Profit potential:

479 ticks


You could…

Buy ONXX and Short LXRX







APA-ECA

Sector: Independent Oil & Gas
Currently converging from 1.1 standard deviations

Hedge ratio:

1.56

Cointegration:

Over 99%

Avg. holding period:

10 days

σ Equilibrium:

0.4

Profit potential:

553 ticks


You could…

Short APA and Buy ECA







TCK-PLM

Sector: Industrial Metals & Minerals
Currently converging from 0.41 standard deviations

Hedge ratio:

12.14

Cointegration:

Over 99%

Avg. holding period:

10 days

σ Equilibrium:

-0.71

Profit potential:

149 ticks


You could…

Buy TCK and Short PLM







PFG-AB

Sector: Asset Management
Currently converging from 0.96 standard deviations

Hedge ratio:

0.87

Cointegration:

Over 99%

Avg. holding period:

8 days

σ Equilibrium:

0.79

Profit potential:

389 ticks


You could…

Short PFG and Buy AB




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