Interesting pair here. Although the ETFs are tracking different sectors, the correlation between the two in the past 100 days is good ( 70 % + ), but more importantly , the co -integration is high @ 86 %. This is the 3rd trade this year for this pair. So far, all trades have been successful.
CORRELATION : 70%
COINTEGRATION : 0.86
LONG SOXX (GREEN) @ 50.02
SHORT EEM (RED) @ 41.40
CORRELATION : 70%
COINTEGRATION : 0.86
LONG SOXX (GREEN) @ 50.02
SHORT EEM (RED) @ 41.40
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.