Last week we suggested to leverage on our quant models to play out the cointegration existing between Apple and Amazon by shorting roughly 2 Amazon stocks for each Apple stock bought.

The idea, which benefited from  both a fundamental and quantitative edge has returned a profit of roughly 5.5%, assuming a margin of 20% on the short trade.

Given the size of the quick profit, we recommend to close the position.


0 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *