correlation : 96 %
co-integration : .92
LONG CNQ @ 38.75
SHORT PXD @ 108.35
my only concern is the dispersion of about 27 % between the two stocks. But with a co - integration of 0.92 , i'm confident that the trade will be successful. Avg day in trade ( based on past 3 years) is 9.33 days.
co-integration : .92
LONG CNQ @ 38.75
SHORT PXD @ 108.35
my only concern is the dispersion of about 27 % between the two stocks. But with a co - integration of 0.92 , i'm confident that the trade will be successful. Avg day in trade ( based on past 3 years) is 9.33 days.