text 9 Dec Today’s hot pairs

BIIB-DYAX

Sector: Biotechnology
Currently converging from 0.45 standard deviations

Hedge ratio:

14.59

Cointegration:

Over 99%

Avg. holding period:

15 days

σ Equilibrium:

2.29

Profit potential:

518 ticks


You could…

Buy BIIB and Short DYAX







CYN-UMPQ

Sector: Regional - Pacific Banks
Currently converging from 1.09 standard deviations

Hedge ratio:

3.57

Cointegration:

Over 99%

Avg. holding period:

9 days

σ Equilibrium:

0.49

Profit potential:

472 ticks


You could…

Buy CYN and Short UMPQ







CB-ACE

Sector: Property & Casualty Insurance
Currently converging from 0.83 standard deviations

Hedge ratio:

0.93

Cointegration:

Over 99%

Avg. holding period:

8 days

σ Equilibrium:

0.21

Profit potential:

207 ticks


You could…

Short CB and Buy ACE







CSCO-ELON

Sector: Networking & Communication Devices
Currently converging from 0.46 standard deviations

Hedge ratio:

1.91

Cointegration:

Over 99%

Avg. holding period:

17 days

σ Equilibrium:

0.92

Profit potential:

156 ticks


You could…

Short CSCO and Buy ELON




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