FLS-NDSN

Sector: Diversified Machinery
Currently converging from 0.72 standard deviations

Hedge ratio: 1.83

Cointegration: Over 99%

Avg. holding period: 10 days

σ Equilibrium: -0.21

Profit potential: 622 ticks

You could…

Buy FLS and Short NDSN

FLS-GDI

Sector: Diversified Machinery
Currently converging from 0.87 standard deviations

Hedge ratio: 2.6

Cointegration: Over 99%

Avg. holding period: 13 days

σ Equilibrium: -0.19

Profit potential: 645 ticks

You could…

Buy FLS and Short GDI

BHI-NOA

Sector: Oil & Gas Equipment & Services
Currently converging from 0.21 standard deviations

Hedge ratio: 5.05

Cointegration: Over 99%

Avg. holding period: 18 days

σ Equilibrium: 6.27

Profit potential: 217 ticks

You could…

Short BHI and Buy NOA

WAT-MTD

Sector: Scientific & Technical Instruments
Currently converging from 0.23 standard deviations

Hedge ratio: 0.61

Cointegration: Over 99%

Avg. holding period: 11 days

σ Equilibrium: 0.05

Profit potential: 83 ticks

You could…

Buy WAT and Short MTD