JINDALSTEL - BALKRISIND Pair Analysis

home > strategies > pairs-trading
End-of-day divergence (Standardized residual) is -0.318.
Half life of pair is 14.2.
Real time (live) divergence is calculating using following formula:
[balkrisind_price - (6.6 * jindalstel_price) - 17]/102

(where 17 is mean error and 102 is standard error)
Technical strength of JINDALSTEL is 5.38. (Support & Resistance)
Technical strength of BALKRISIND is 6.1. (Support & Resistance)
Recommendation
You need to register and login with clearnifty to view detailed recommendations.
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 jindalstel-balkrisind.
Analyse any other pair:

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

Charts

JINDALSTEL Futures - NSE
Expiry Date Close Price Open Interest Number of Trades No of Contracts Underlying Closing Price
December 26, 2019 141.65 28985600.0 7167.0 7167.0 142.25
January 30, 2020 141.3 560000.0 101.0 101.0 142.25
February 27, 2020 146.95 75000.0 4.0 4.0 142.25
Lot size: 3200.

BALKRISIND Futures - NSE

Expiry Date Close Price Open Interest Number of Trades No of Contracts Underlying Closing Price
December 26, 2019 925.0 1789600.0 782.0 782.0 923.0
January 30, 2020 922.75 52000.0 5.0 5.0 923.0
February 27, 2020 915.0 1600.0 0.0 0.0 923.0
Lot size: 800.
Click here for backtesting results.

JINDALSTEL-BALKRISIND Analysis with different time frames and thresholds

Time Frame 3months, Entry Threshold 1.5, Stop Loss Threshold 2, Total Profit 58058.786823
Time Frame 3months, Entry Threshold 2, Stop Loss Threshold 2.5, Total Profit 51410.9553793
Time Frame 3months, Entry Threshold 2, Stop Loss Threshold 3, Total Profit 51410.9553793
Time Frame 3months, Entry Threshold 1.5, Stop Loss Threshold 2.5, Total Profit 50599.6217423
Time Frame 3months, Entry Threshold 2.5, Stop Loss Threshold 3, Total Profit 49038.9855254

Get Clearnifty's Android App.

Get clearnifty on Google Play
Get clearnifty on Google Play