text 9 Feb Today’s hot arbs

AMG-PRU

Currently converging.
Distance to the mean-ratio: 1.94 standard deviations

Beta spread:

0.04

Cointegration test p-value:

0.001

Correlation:

0.9707

Mean-ratio standard deviation:

0.0611

Capture potential:

587 ticks


You could…

Short AMG and Buy PRU







BLUD-PFE

Currently converging.
Distance to the mean-ratio: 1.94 standard deviations

Beta spread:

0.08

Cointegration test p-value:

0.001

Correlation:

-0.7023

Mean-ratio standard deviation:

0.9278

Capture potential:

278 ticks


You could…

Short BLUD and Buy PFE







DRE-MI

Currently converging.
Distance to the mean-ratio: 1.55 standard deviations

Beta spread:

0.02

Cointegration test p-value:

0.0044

Correlation:

0.8594

Mean-ratio standard deviation:

0.0899

Capture potential:

348 ticks


You could…

Short DRE and Buy MI







JCI-TWX

Currently converging.
Distance to the mean-ratio: 1.7 standard deviations

Beta spread:

0.05

Cointegration test p-value:

0.0045

Correlation:

0.3663

Mean-ratio standard deviation:

0.3016

Capture potential:

234 ticks


You could…

Buy JCI and Short TWX







PG-SJM

Currently converging.
Distance to the mean-ratio: 1.79 standard deviations

Beta spread:

0.06

Cointegration test p-value:

0.001

Correlation:

0.858

Mean-ratio standard deviation:

0.0809

Capture potential:

560 ticks


You could…

Buy PG and Short SJM







TSO-WMB

Currently converging.
Distance to the mean-ratio: 1.92 standard deviations

Beta spread:

0.1

Cointegration test p-value:

0.001

Correlation:

0.9058

Mean-ratio standard deviation:

0.4071

Capture potential:

781 ticks


You could…

Short TSO and Buy WMB




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