Algokid

PAIR TRADE (SHIPPING)

NYSE:TK   TEEKAY CORPORATION
150 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).
please ignore note on chart
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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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