After underperforming S&P500 for over a year the metals&mining ETF could be springing back to life.
PAIR TRADE : XME (METAL & MINING) VS EWG ( GERMANY) CORRELATION : 87 % , based on the past 100 days Co -integration: 0.90 LONG XME GREEN) @ 42.13 SHORT EWG (RED) @ 23.26 Avg trade length : 20 days 75 % winning rate for this pair over the past 3 years P.S : Thanks for the new feature Tradingview, very cool. Keep up the awesome work :) . Algo