text 29 Oct Today’s hot pairs

ITT-PLL

Sector: Diversified Machinery
Currently converging from 0.41 standard deviations

Hedge ratio:

1.61

Cointegration:

Over 99%

Avg. holding period:

8 days

σ Equilibrium:

0.23

Profit potential:

125 ticks


You could…

Short ITT and Buy PLL







QCOM-DTV

Sector: Communication Equipment
Currently converging from 0.71 standard deviations

Hedge ratio:

1.73

Cointegration:

Over 99%

Avg. holding period:

13 days

σ Equilibrium:

-0.03

Profit potential:

236 ticks


You could…

Buy QCOM and Short DTV







ACGL-PRA

Sector: Property & Casualty Insurance
Currently converging from 0.76 standard deviations

Hedge ratio:

1.29

Cointegration:

Over 99%

Avg. holding period:

11 days

σ Equilibrium:

0.01

Profit potential:

268 ticks


You could…

Short ACGL and Buy PRA







LVS-MGM

Sector: Resorts & Casinos
Currently converging from 0.47 standard deviations

Hedge ratio:

1.3

Cointegration:

Over 99%

Avg. holding period:

10 days

σ Equilibrium:

-1

Profit potential:

261 ticks


You could…

Short LVS and Buy MGM




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