The correlation based on the past 20 days is now below 70 % , but still above 70 % on Correlation based on the past 100 days. This was expected as NOK announced yesterday that it was discontinuing dividend payments as it wants to save cash. This is the first time in it's 143 years history that the do that ( yes NOKIA is a really old company)
0 - 2 with this pair, NOK didn't drop enough to cover the lost in RIMM. and another thing . HUGE mistake on my part for taking this trade with so many news arounds the stock. I usually don't trade pairs if the stock is reporting earning or paying dividend. Adding new product launch to the list. closing this with a loss .