New pair trade - Long RIO/Short BHP

Pairs Trader said:

Re: New pair trade - Long RIO / Short BHP

no correlation is measuring the strength of the relationship between two stocks, for example the current correlation reading on BHP/RIO is 96.90% which means they are almost in lockstep with each other. the rolling mean is the numerical representation of the day to day relationship between BHP & RIO.

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