Algokid

PAIR TRADE (SHIPPING)

NYSE:TK   TEEKAY CORPORATION
149 2 0
Correlation between these two stock is about 93 %. We can clearly see a divergence( spread of about $14) between the two . I'm LONG SLF ( orange) and SHORT TK             ( blue).
www.passivestor.com
Algokid PRO
5 years ago
please ignore note on chart
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Algokid PRO
4 years ago
Closing this pair with a profit on SFL, but a significant loss on TK, so a net loss for the pair.
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