Algokid

PAIR TRADE : RIMM VS. NOK

NASDAQ:RIMM   None
533 2 0
RIMM and NOK             have been very good for the bulls in the past few months. I recently closed long position on RIMM. Today however , RIMM is down more than 20 % ( ouch !) . NOK             is down by "only" 4.55 %. The correlation (20)between these two have above 70 % for a while. The fact that NOK             didn't plunge as much as RIMM, tells me the ratio for the two stocks is far away from the mean. And it is , currently the ration is 2.9 stand. dev away from the mean. This represent an opportunity to enter a pair trade.

Short RIMM , Long NOK             (see detail in chart)

Cheers

Algo
looked good at first, but didn't work out. closing this with a loss
Reply
based on recent news it seems likely to me that RIMM will underperform NOK short term - so seems like a low risk pair trade to me. RIMM fell even more afterhours..
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out