text 6 Feb Today’s hot arbs

BK-JPM

Currently converging.
Distance to the mean-ratio: 1.84 standard deviations

Beta spread:

0.02

Cointegration test p-value:

0.0017

Correlation:

0.7873

Mean-ratio standard deviation:

0.1387

Capture potential:

604 ticks


You could…

Short BK and Buy JPM







CAT-TYC

Currently converging.
Distance to the mean-ratio: 1.96 standard deviations

Beta spread:

0.01

Cointegration test p-value:

0.0065

Correlation:

0.0757

Mean-ratio standard deviation:

0.548

Capture potential:

484 ticks


You could…

Buy CAT and Short TYC







CREE-JNPR

Currently converging.
Distance to the mean-ratio: 1.88 standard deviations

Beta spread:

0.04

Cointegration test p-value:

0.0057

Correlation:

0.706

Mean-ratio standard deviation:

0.2785

Capture potential:

484 ticks


You could…

Short CREE and Buy JNPR







FDO-MVL

Currently converging.
Distance to the mean-ratio: 1.67 standard deviations

Beta spread:

0.09

Cointegration test p-value:

0.0022

Correlation:

-0.2295

Mean-ratio standard deviation:

0.6307

Capture potential:

522 ticks


You could…

Short FDO and Buy MVL




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