text 23 Nov Today’s hot pairs

GILD-MNTA

Sector: Biotechnology
Currently converging from 0.37 standard deviations

Hedge ratio:

4.31

Cointegration:

Over 99%

Avg. holding period:

10 days

σ Equilibrium:

2.08

Profit potential:

332 ticks


You could…

Buy GILD and Short MNTA







FWLT-ICA

Sector: Heavy Construction
Currently converging from 0.66 standard deviations

Hedge ratio:

2.8

Cointegration:

Over 99%

Avg. holding period:

13 days

σ Equilibrium:

1.58

Profit potential:

352 ticks


You could…

Short FWLT and Buy ICA







RTI-BOOM

Sector: Industrial Metals & Minerals
Currently converging from 0.55 standard deviations

Hedge ratio:

1.07

Cointegration:

Over 99%

Avg. holding period:

14 days

σ Equilibrium:

-0.49

Profit potential:

216 ticks


You could…

Buy RTI and Short BOOM







DLX-SCOR

Sector: Business Services
Currently converging from 0.88 standard deviations

Hedge ratio:

0.94

Cointegration:

Over 99%

Avg. holding period:

12 days

σ Equilibrium:

0.31

Profit potential:

223 ticks


You could…

Buy DLX and Short SCOR




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