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Traderherz-Analytics

Trading Idea - VW/PORSCHE Pair Trade

VOLKSWAGEN AG VZO O.N. (XETR:VOW3)  
Traderherz-Analytics  
XETR:VOW3   VOLKSWAGEN AG VZO O.N.
Trend Analysis Harmonic Patterns Chart Patterns trading Stocks vw volkswagen buy SELL traderherz
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trendanalysis harmonicpatterns chartpattern trading stocks vw volkswagen buy sell traderherz
Pair Trade:
#VW (Vz) LONG
#Porsche SHORT

VW and PORSCHE have a correlation of 84%. Reason enough to try out a pair trade. Currently the values have drifted apart by approx. 7%!
Porsche is currently performing better (relatively), which means a SHORT signal. VW, on the other hand, is lagging somewhat behind!
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