HINDUNILVR - DABUR Pair Analysis

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End-of-day divergence (Standardized residual) is -0.69.
Half life of pair is 11.6.
Real time (live) divergence is calculating using following formula:
[dabur_price - (0.226 * hindunilvr_price) - 1.26]/24.4

(where 1.26 is mean error and 24.4 is standard error)
Technical strength of HINDUNILVR is 5.5. (Support & Resistance)
Technical strength of DABUR is 6.8. (Support & Resistance)
Recommendation
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Entry Criterion: Take positions when divergence becomes (+/-)2.5. And exit positions when divergence becomes (+/-)0.0.
Stop Loss: Put your stop loss when divergence becomes more than 3.0 or less than -3.0. We suggest you always use stop losses.
Note: When you trade in futures, keep in mind the expiry date of futures as divergence might not end before expiry date.
Click here to see all recommendations for pair hindunilvr-dabur.
Analyse any other pair:

How to choose pairs?
Choose stocks from same sector/subsector.
Use stock with large market capitalization as first stock.

Charts

HINDUNILVR Futures - NSE
Expiry Date Close Price Open Interest Number of Trades No of Contracts Underlying Closing Price
June 25, 2020 2091.7 18221700.0 7475.0 7475.0 2107.4
July 30, 2020 2096.6 1008300.0 109.0 109.0 2107.4
August 27, 2020 2100.3 3300.0 6.0 6.0 2107.4
Lot size: 300.

DABUR Futures - NSE

Expiry Date Close Price Open Interest Number of Trades No of Contracts Underlying Closing Price
June 25, 2020 462.0 12038750.0 2532.0 2532.0 460.85
July 30, 2020 461.65 62500.0 12.0 12.0 460.85
August 27, 2020 453.95 0.0 0.0 0.0 460.85
Lot size: 1250.
Click here for backtesting results.

HINDUNILVR-DABUR Analysis with different time frames and thresholds

Time Frame 3months, Entry Threshold 2, Stop Loss Threshold 2.5, Total Profit 65177.1511278
Time Frame 3months, Entry Threshold 2, Stop Loss Threshold 3, Total Profit 61361.4078387
Time Frame 3months, Entry Threshold 1.5, Stop Loss Threshold 2.5, Total Profit 53660.1299032
Time Frame 1year, Entry Threshold 2, Stop Loss Threshold 3, Total Profit 42042.9377508
Time Frame 1year, Entry Threshold 2.5, Stop Loss Threshold 3, Total Profit 40788.0335864

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