Algokid

PAIR TRADE IDEA (EWT (Tawain)/EWW( Mexico)

AMEX:EWT   iShares Inc iShares MSCI Taiwan ETF
1
Correlation between the ETF is about 95 % . We can see clearly on this daily chart that there 's some divergence. EWT ( blue) seems to be the weaker ETF compare to EWW (orange). In this case I'm shorting EWW and long EWT . Will exit once the ratio is closer to the mean.


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