RAMCOCEM - GMRINFRA Pair Analysis

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End-of-day divergence (Standardized residual) is -0.811.
Half life of pair is 2.87.
Real time (live) divergence is calculating using following formula:
[gmrinfra_price - (0.0288 * ramcocem_price) - -0.00624]/0.6

(where -0.00624 is mean error and 0.6 is standard error)
Technical strength of RAMCOCEM is 8.38. (Support & Resistance)
Technical strength of GMRINFRA is 6.1. (Support & Resistance)
Recommendation
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Entry Criterion: Take positions when divergence becomes (+/-)2.0. And exit positions when divergence becomes (+/-)0.0.
Stop Loss: Put your stop loss when divergence becomes more than 2.5 or less than -2.5. 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 ramcocem-gmrinfra.
Analyse any other pair:

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

Charts

RAMCOCEM Futures - NSE
Expiry Date Close Price Open Interest Number of Trades No of Contracts Underlying Closing Price
January 30, 2020 822.6 1739200.0 874.0 874.0 819.6
February 27, 2020 825.0 17600.0 11.0 11.0 819.6
March 26, 2020 820.0 2400.0 0.0 0.0 819.6
Lot size: 0.

GMRINFRA Futures - NSE

Expiry Date Close Price Open Interest Number of Trades No of Contracts Underlying Closing Price
January 30, 2020 23.2 188370000.0 584.0 584.0 23.1
February 27, 2020 23.35 11025000.0 52.0 52.0 23.1
March 26, 2020 23.65 135000.0 0.0 0.0 23.1
Lot size: 45000.
Click here for backtesting results.

RAMCOCEM-GMRINFRA Analysis with different time frames and thresholds

Time Frame 1month, Entry Threshold 1.5, Stop Loss Threshold 2.5, Total Profit 48571.7127224
Time Frame 1month, Entry Threshold 2, Stop Loss Threshold 2.5, Total Profit 42045.0455139
Time Frame 1month, Entry Threshold 1.5, Stop Loss Threshold 2, Total Profit 34399.5940916
Time Frame 1year, Entry Threshold 2, Stop Loss Threshold 3, Total Profit 6168.9190704

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