text 7 Jan Today’s hot pairs

CNQ-SNP

Sector: Independent Oil & Gas
Currently converging from 0.48 standard deviations

Hedge ratio:

0.75

Cointegration:

Over 99%

Avg. holding period:

16 days

σ Equilibrium:

0.62

Profit potential:

701 ticks


You could…

Short CNQ and Buy SNP







MT-GNA

Sector: Steel & Iron
Currently converging from 0.36 standard deviations

Hedge ratio:

5.27

Cointegration:

Over 99%

Avg. holding period:

11 days

σ Equilibrium:

-0.91

Profit potential:

159 ticks


You could…

Short MT and Buy GNA







BLUD-SNTA

Sector: Diagnostic Substances
Currently converging from 0.52 standard deviations

Hedge ratio:

3.95

Cointegration:

Over 99%

Avg. holding period:

14 days

σ Equilibrium:

1.95

Profit potential:

290 ticks


You could…

Buy BLUD and Short SNTA







FWLT-ICA

Sector: Heavy Construction
Currently converging from 0.61 standard deviations

Hedge ratio:

2.78

Cointegration:

Over 99%

Avg. holding period:

14 days

σ Equilibrium:

1.81

Profit potential:

313 ticks


You could…

Short FWLT and Buy ICA




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