Candidate pairs are the universe of tickers Money_Hedge considers entering. Each candidate is the result of a cointegration test that found the two tickers' prices move together over long horizons, even though either price alone trends. The system trades these pairs by going long the cheap leg and short the rich leg when the spread temporarily widens, then closing when the spread narrows back.
| Pair | Two tickers; the left is the long leg, the right is the short leg of a long-the-spread trade. |
| EG p-value ⓘ | Engle-Granger cointegration test p-value. Lower means stronger evidence of cointegration. We require p < 0.05. |
| Hedge ratio (β) ⓘ | Slope from regressing leg A's price on leg B's. We hold β shares of B short for every 1 share of A long. |
| Half-life (days) ⓘ | How many days it takes the spread to revert halfway to its mean. We filter to 5-60 days. |
| Current z ⓘ | Today's spread expressed in standard deviations from its long-run mean. Entry triggers at 1.5-3.0. |
| n obs | Number of daily price observations the cointegration relationship was fit on. |
Universe-wide candidate list. Per-portfolio scoping arrives in Phase 3. Sorted by p-value ascending.
| Pair | EG p-value | Hedge ratio | Half-life (days) | Current z | n obs |
|---|---|---|---|---|---|
| MU / WDC | 0.0000 | +1.478 | 23.3 | +5.07 | 1255 |
| AKAM / SNDK | 0.0000 | +0.040 | 7.2 | -2.77 | 334 |
| CCL / LH | 0.0000 | +0.218 | 14.5 | +0.29 | 1255 |
| BKNG / MA | 0.0000 | +0.543 | 12.7 | -0.31 | 1255 |
| DGX / MS | 0.0000 | +0.628 | 21.3 | -1.33 | 1255 |
| ADI / KLAC | 0.0000 | +1.454 | 23.3 | -4.06 | 1255 |
| JNJ / SATS | 0.0000 | +0.779 | 20.9 | +2.28 | 1255 |
| AMP / MSI | 0.0000 | +1.046 | 23.5 | -0.17 | 1255 |
| CHRW / SATS | 0.0000 | +0.878 | 16.5 | +2.38 | 1255 |
| AVGO / RL | 0.0000 | +1.205 | 13.6 | -1.77 | 1255 |
| MU / STX | 0.0000 | +0.962 | 13.8 | +3.43 | 1255 |
| EA / TEL | 0.0001 | +0.698 | 18.9 | +1.74 | 1255 |
| DGX / JCI | 0.0001 | +0.884 | 15.0 | -0.54 | 1255 |
| ANET / L | 0.0001 | +2.287 | 16.9 | +1.25 | 1255 |
| DE / GILD | 0.0001 | +2.636 | 16.7 | +2.07 | 1255 |
| CASY / PWR | 0.0001 | +1.115 | 11.5 | +1.52 | 1255 |
| MCO / META | 0.0001 | +0.389 | 17.2 | +0.24 | 1255 |
| ANET / TJX | 0.0001 | +1.274 | 18.6 | +0.24 | 1255 |
| AVGO / GE | 0.0001 | +1.189 | 22.2 | +0.15 | 1255 |
| BLK / SYF | 0.0002 | +10.240 | 24.9 | -1.01 | 1255 |
| AVGO / IBKR | 0.0002 | +5.348 | 18.9 | -3.37 | 1255 |
| SHW / SPGI | 0.0002 | +0.698 | 23.3 | +1.37 | 1255 |
| FE / RTX | 0.0002 | +0.128 | 18.3 | +0.35 | 1255 |
| AIG / TDG | 0.0002 | +0.034 | 20.8 | -0.06 | 1255 |
| MSFT / UBER | 0.0002 | +3.628 | 18.6 | -0.41 | 1255 |
| ANET / CBOE | 0.0002 | +0.677 | 19.4 | +0.85 | 1255 |
| RJF / VST | 0.0003 | +0.410 | 16.5 | +0.86 | 1255 |
| J / VST | 0.0003 | +0.222 | 19.0 | -0.50 | 1255 |
| NSC / NTRS | 0.0003 | +1.193 | 18.4 | -1.35 | 1255 |
| DGX / GS | 0.0003 | +0.110 | 20.5 | -0.90 | 1255 |
| APH / EA | 0.0003 | +1.253 | 21.8 | +1.21 | 1255 |
| HBAN / NDAQ | 0.0004 | +0.152 | 18.9 | +0.98 | 1255 |
| CBOE / PH | 0.0004 | +0.261 | 19.2 | +0.94 | 1255 |
| ALL / SNDK | 0.0004 | +0.013 | 5.5 | -0.07 | 334 |
| J / ORCL | 0.0004 | +0.256 | 19.5 | -0.31 | 1255 |
| EMR / NVDA | 0.0004 | +0.315 | 19.7 | +0.39 | 1255 |
| IBKR / RL | 0.0004 | +0.222 | 16.9 | +1.92 | 1255 |
| AIG / WM | 0.0004 | +0.345 | 19.4 | -0.36 | 1255 |
| PPG / WST | 0.0004 | +0.172 | 21.7 | -0.42 | 1255 |
| COST / WM | 0.0004 | +6.409 | 19.4 | +0.82 | 1255 |
| AMP / APO | 0.0005 | +2.711 | 19.7 | -1.04 | 1255 |
| CBOE / EME | 0.0005 | +0.259 | 17.0 | -0.56 | 1255 |
| CMS / DUK | 0.0005 | +0.509 | 18.2 | -0.55 | 1255 |
| EMR / WMT | 0.0005 | +0.742 | 19.9 | +0.24 | 1255 |
| HLT / NVDA | 0.0005 | +0.944 | 19.3 | +2.84 | 1255 |
| HWM / IBKR | 0.0005 | +3.343 | 21.0 | -1.48 | 1255 |
| PPL / T | 0.0006 | +0.922 | 24.9 | +2.18 | 1255 |
| J / META | 0.0006 | +0.074 | 20.0 | +0.13 | 1255 |
| LH / MMM | 0.0006 | +0.830 | 21.5 | +0.55 | 1255 |
| CEG / ORLY | 0.0006 | +5.177 | 21.7 | -0.77 | 1104 |
| ADI / CAT | 0.0006 | +0.335 | 19.5 | +1.62 | 1255 |
| MCO / NWS | 0.0006 | +13.717 | 19.6 | -0.12 | 1255 |
| MGM / WST | 0.0006 | +0.052 | 18.7 | +2.74 | 1255 |
| CSX / HST | 0.0006 | +1.624 | 20.2 | -0.03 | 1255 |
| SYY / WEC | 0.0006 | +0.230 | 20.2 | +0.37 | 1255 |
| COF / TTWO | 0.0006 | +0.944 | 20.3 | -0.10 | 1255 |
| META / NWS | 0.0006 | +33.921 | 22.0 | -0.24 | 1255 |
| SYY / XEL | 0.0006 | +0.347 | 20.3 | +0.35 | 1255 |
| EMR / GE | 0.0007 | +0.223 | 22.9 | -0.33 | 1255 |
| EXPE / LH | 0.0007 | +1.533 | 20.8 | +0.18 | 1255 |
| AMZN / DLR | 0.0007 | +1.490 | 20.5 | -0.25 | 1255 |
| KR / NRG | 0.0008 | +0.204 | 21.7 | +0.69 | 1255 |
| SYY / TPR | 0.0008 | +0.076 | 20.8 | +0.08 | 1255 |
| BLK / CBRE | 0.0008 | +5.744 | 24.1 | +1.43 | 1255 |
| PFG / STLD | 0.0008 | +0.248 | 21.1 | -0.77 | 1255 |
| IBM / WRB | 0.0009 | +4.427 | 23.9 | +0.95 | 1255 |
| AMD / CSX | 0.0009 | +15.821 | 22.3 | +4.08 | 1255 |
| CINF / WELL | 0.0009 | +0.502 | 21.2 | -0.59 | 1255 |
| AMCR / KDP | 0.0009 | +1.312 | 20.3 | -2.18 | 1255 |
| CEG / WFC | 0.0009 | +5.454 | 23.0 | -2.10 | 1104 |
| CHRW / JNJ | 0.0010 | +1.056 | 17.3 | +0.65 | 1255 |
| BLK / CEG | 0.0010 | +1.700 | 19.9 | +1.61 | 1104 |
| EME / HLT | 0.0010 | +3.433 | 22.9 | -0.49 | 1255 |
| ICE / NWS | 0.0010 | +4.706 | 22.3 | -1.55 | 1255 |
| BKNG / V | 0.0010 | +0.874 | 20.7 | -1.98 | 1255 |
| MA / VST | 0.0010 | +1.278 | 21.1 | -1.06 | 1255 |
| TDG / WM | 0.0011 | +9.660 | 23.9 | -0.22 | 1255 |
| NDAQ / SYF | 0.0011 | +0.860 | 21.8 | +0.01 | 1255 |
| NXPI / TXT | 0.0011 | +2.988 | 23.6 | +2.90 | 1255 |
| AXON / WTW | 0.0011 | +4.231 | 22.6 | +0.87 | 1255 |
| AIG / RSG | 0.0012 | +0.266 | 21.7 | +0.26 | 1255 |
| EG / GEHC | 0.0013 | +0.580 | 16.0 | -0.04 | 875 |
| CBRE / SYF | 0.0013 | +1.719 | 19.2 | -2.49 | 1255 |
| PH / TJX | 0.0013 | +6.730 | 22.4 | -1.75 | 1255 |
| CMS / KR | 0.0013 | +0.667 | 21.7 | +1.33 | 1255 |
| CINF / VTR | 0.0013 | +1.634 | 22.2 | -0.31 | 1255 |
| AMP / CTAS | 0.0013 | +2.149 | 21.8 | +0.87 | 1255 |
| CCI / SBAC | 0.0013 | +0.494 | 23.7 | +0.03 | 1255 |
| HSIC / PFE | 0.0014 | +0.480 | 21.4 | +1.84 | 1255 |
| MSCI / NCLH | 0.0015 | +8.478 | 24.3 | +1.73 | 1255 |
| KR / PPL | 0.0015 | +2.041 | 24.1 | -0.58 | 1255 |
| CSX / TER | 0.0015 | +0.051 | 22.5 | +0.59 | 1255 |
| CRL / MRNA | 0.0016 | +0.733 | 24.9 | +0.41 | 1255 |
| APP / UAL | 0.0016 | +7.486 | 22.1 | -1.26 | 1255 |
| ETN / URI | 0.0016 | +0.393 | 19.8 | -2.68 | 1255 |
| ADSK / COIN | 0.0016 | +0.398 | 21.5 | -1.94 | 1255 |
| ECL / MCO | 0.0016 | +0.537 | 22.4 | +1.48 | 1255 |
| CFG / NSC | 0.0016 | +0.309 | 20.6 | +1.46 | 1255 |
| ACGL / VRTX | 0.0016 | +0.221 | 22.6 | +0.11 | 1255 |
| FITB / PNC | 0.0018 | +0.238 | 23.2 | +0.51 | 1255 |
| FAST / RCL | 0.0018 | +0.085 | 19.8 | +1.15 | 1255 |
| AXON / MA | 0.0018 | +2.229 | 22.8 | -0.33 | 1255 |
| NSC / PNC | 0.0018 | +0.909 | 23.0 | +0.29 | 1255 |
| HD / SPGI | 0.0019 | +0.583 | 23.4 | +0.47 | 1255 |
| CINF / MO | 0.0019 | +1.970 | 22.9 | -0.95 | 1255 |
| AXP / WFC | 0.0019 | +4.158 | 22.8 | -0.88 | 1255 |
| AMGN / CB | 0.0020 | +0.904 | 23.2 | +0.79 | 1255 |
| IBM / ROL | 0.0020 | +6.431 | 24.8 | +3.47 | 1255 |
| OMC / PCG | 0.0020 | +2.856 | 23.9 | -0.43 | 1255 |
| EG / PCG | 0.0020 | +14.416 | 20.2 | -0.24 | 1255 |
| DRI / YUM | 0.0021 | +1.868 | 23.0 | +0.85 | 1255 |
| AME / MAR | 0.0021 | +0.472 | 21.7 | -2.63 | 1255 |
| NEE / O | 0.0022 | +1.751 | 23.6 | -0.34 | 1255 |
| CDNS / URI | 0.0022 | +0.283 | 22.2 | -0.24 | 1255 |
| APP / PLTR | 0.0022 | +3.254 | 21.5 | +1.79 | 1255 |
| IBM / SOLV | 0.0022 | +4.533 | 13.0 | -0.06 | 556 |
| TDY / TPR | 0.0022 | +1.895 | 19.5 | -0.03 | 1255 |
| DHR / IQV | 0.0022 | +0.766 | 24.0 | -1.76 | 1255 |
| BBY / ZBRA | 0.0023 | +0.085 | 23.9 | +2.30 | 1255 |
| HD / KKR | 0.0024 | +1.136 | 23.7 | -0.23 | 1255 |
| AEP / RTX | 0.0024 | +0.454 | 23.3 | +1.35 | 1255 |
| NCLH / SW | 0.0024 | +0.517 | 15.6 | -0.75 | 1255 |
| HWM / MO | 0.0024 | +5.930 | 20.8 | +0.20 | 1255 |
| BBY / SW | 0.0025 | +1.042 | 24.6 | +0.24 | 1255 |
| DE / KMI | 0.0026 | +10.651 | 23.9 | +1.16 | 1255 |
| LNT / VTR | 0.0026 | +0.538 | 20.4 | +1.01 | 1255 |
| PEG / SOLV | 0.0026 | +0.360 | 17.8 | -0.30 | 556 |
| ABBV / TRV | 0.0026 | +0.696 | 24.2 | +0.13 | 1255 |
| ALL / WSM | 0.0026 | +0.693 | 22.2 | -0.19 | 1255 |
| HSIC / UPS | 0.0027 | +0.125 | 22.7 | +2.07 | 1255 |
| L / NVDA | 0.0027 | +0.265 | 19.9 | +0.52 | 1255 |
| STE / TTWO | 0.0027 | +0.360 | 24.5 | -1.60 | 1255 |
| HSIC / MOS | 0.0028 | +0.332 | 23.0 | +2.15 | 1255 |
| HST / LRCX | 0.0028 | +0.029 | 23.8 | +1.04 | 1255 |
| TKO / YUM | 0.0029 | +3.008 | 24.1 | +0.70 | 1255 |
| ADI / VRT | 0.0029 | +0.729 | 22.4 | +3.30 | 1255 |
| ABNB / WST | 0.0029 | +0.205 | 24.5 | -0.25 | 1255 |
| POOL / ZTS | 0.0029 | +2.421 | 23.5 | +1.88 | 1255 |
| HON / JCI | 0.0030 | +0.625 | 24.5 | -0.92 | 1255 |
| ALL / TT | 0.0031 | +0.337 | 24.2 | +0.84 | 1255 |
| ITW / VMC | 0.0031 | +0.506 | 24.7 | -0.17 | 1255 |
| RL / WELL | 0.0032 | +1.961 | 20.1 | +0.99 | 1255 |
| ABBV / GD | 0.0032 | +0.681 | 24.6 | -0.19 | 1255 |
| FCX / HST | 0.0032 | +3.397 | 24.4 | -0.76 | 1255 |
| CIEN / LITE | 0.0032 | +0.546 | 11.6 | -4.46 | 1255 |
| BNY / GS | 0.0033 | +0.138 | 19.7 | -0.59 | 1255 |
| AMGN / GD | 0.0033 | +0.851 | 24.8 | +0.32 | 1255 |
| MGM / PPG | 0.0033 | +0.245 | 22.5 | +3.22 | 1255 |
| MSCI / SW | 0.0034 | +5.858 | 20.5 | +1.25 | 1255 |
| FRT / VTRS | 0.0034 | +3.745 | 24.4 | +1.30 | 1255 |
| AXON / V | 0.0034 | +3.634 | 24.0 | -1.62 | 1255 |
| PEG / PKG | 0.0036 | +0.290 | 24.4 | -1.21 | 1255 |
| APO / LII | 0.0036 | +0.247 | 23.3 | +1.21 | 1255 |
| TROW / XYZ | 0.0037 | +0.408 | 16.0 | +1.67 | 1255 |
| DE / WMT | 0.0038 | +2.413 | 24.7 | +1.37 | 1255 |
| PH / YUM | 0.0038 | +13.053 | 25.0 | +0.74 | 1255 |
| ADM / APA | 0.0038 | +1.305 | 24.9 | +1.13 | 1255 |
| CMS / DTE | 0.0039 | +0.490 | 23.5 | -2.70 | 1255 |
| HLT / WAB | 0.0042 | +1.119 | 17.9 | +1.42 | 1255 |
| ABNB / SNDK | 0.0042 | +0.004 | 10.0 | -0.52 | 334 |
| NRG / WFC | 0.0043 | +2.675 | 24.3 | -1.87 | 1255 |
| HD / SHW | 0.0045 | +0.809 | 21.4 | -0.82 | 1255 |
| MMM / SOLV | 0.0050 | +2.277 | 12.8 | +0.09 | 556 |
| DD / EXPD | 0.0051 | +0.351 | 21.5 | -0.10 | 1255 |
| EBAY / GEV | 0.0051 | +0.063 | 11.6 | +0.99 | 555 |
| LITE / WDC | 0.0051 | +2.014 | 19.6 | -4.34 | 1255 |
| APP / FOXA | 0.0054 | +15.097 | 17.9 | -0.97 | 1255 |
| KMI / WMT | 0.0058 | +0.222 | 20.1 | +0.70 | 1255 |
| NEM / SATS | 0.0059 | +0.683 | 23.1 | -1.28 | 1255 |
| EME / L | 0.0065 | +12.046 | 22.2 | +1.48 | 1255 |
| CBRE / COF | 0.0073 | +0.655 | 19.3 | +0.18 | 1255 |
| GEHC / OMC | 0.0077 | +0.704 | 19.5 | -1.72 | 875 |
| MO / NI | 0.0078 | +1.401 | 17.6 | +2.02 | 1255 |
| ADSK / DASH | 0.0087 | +0.607 | 24.2 | -2.96 | 1255 |
| CIEN / GLW | 0.0090 | +3.050 | 22.9 | -2.22 | 1255 |
| HIG / TT | 0.0091 | +0.240 | 24.8 | -0.86 | 1255 |
| EG / KVUE | 0.0095 | +0.558 | 17.9 | -0.42 | 780 |
| CPAY / LII | 0.0096 | +0.328 | 23.8 | +2.18 | 1255 |