SUNTV - NATIONALUM Pair Analysis

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End-of-day divergence (Standardized residual) is -1.32.
Half life of pair is 7.14.
Real time (live) divergence is calculating using following formula:
[nationalum_price - (0.0931 * suntv_price) - 0.0985]/2.68

(where 0.0985 is mean error and 2.68 is standard error)
Technical strength of SUNTV is 2.6. (Support & Resistance)
Technical strength of NATIONALUM is 2.6. (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 suntv-nationalum.
Analyse any other pair:

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

Charts

SUNTV Futures - NSE
Expiry Date Close Price Open Interest Number of Trades No of Contracts Underlying Closing Price
November 28, 2019 484.7 2970000.0 3278.0 3278.0 483.9
December 26, 2019 486.25 394000.0 391.0 391.0 483.9
January 30, 2020 485.65 18000.0 0.0 0.0 483.9
Lot size: 1000.

NATIONALUM Futures - NSE

Expiry Date Close Price Open Interest Number of Trades No of Contracts Underlying Closing Price
November 28, 2019 41.65 45510000.0 1264.0 1264.0 41.75
December 26, 2019 41.05 15330000.0 822.0 822.0 41.75
January 30, 2020 40.95 690300.0 21.0 21.0 41.75
Lot size: 10000.
Click here for backtesting results.

SUNTV-NATIONALUM Analysis with different time frames and thresholds

Time Frame 6months, Entry Threshold 2.5, Stop Loss Threshold 3, Total Profit 42617.8262878
Time Frame 1month, Entry Threshold 2, Stop Loss Threshold 2.5, Total Profit 19882.6151549
Time Frame 6months, Entry Threshold 2, Stop Loss Threshold 3, Total Profit 13456.2811438
Time Frame 1year, Entry Threshold 2.5, Stop Loss Threshold 3, Total Profit 4227.84531384

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