text 22 Dec Today’s hot pairs

ATI-SWC

Sector: Industrial Metals & Minerals
Currently converging from 0.33 standard deviations

Hedge ratio:

5.09

Cointegration:

Over 99%

Avg. holding period:

9 days

σ Equilibrium:

1.9

Profit potential:

326 ticks


You could…

Buy ATI and Short SWC







ONXX-DYAX

Sector: Biotechnology
Currently converging from 0.38 standard deviations

Hedge ratio:

9.17

Cointegration:

Over 99%

Avg. holding period:

10 days

σ Equilibrium:

1.13

Profit potential:

301 ticks


You could…

Buy ONXX and Short DYAX







JPM-CM

Sector: Money Center Banks
Currently converging from 0.66 standard deviations

Hedge ratio:

0.68

Cointegration:

Over 99%

Avg. holding period:

10 days

σ Equilibrium:

0.34

Profit potential:

233 ticks


You could…

Buy JPM and Short CM







WG-NOA

Sector: Oil & Gas Equipment & Services
Currently converging from 0.38 standard deviations

Hedge ratio:

2.34

Cointegration:

Over 99%

Avg. holding period:

15 days

σ Equilibrium:

0.91

Profit potential:

124 ticks


You could…

Short WG and Buy NOA




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