⚖️ Pair Trade Screen v2

Generated 2026-08-02 10:32 HKT • Enhanced with 20d correlation + ADF cointegration test + vol-based L/S ratio • 125 pairs
Other: 9 Utility: 9 Crypto / Fintech: 9 Internet / Software: 9 Gold / Precious Metals: 9 Industrial / Defense: 9 AI Infrastructure: 9 Insurance: 9 Pharma / Biotech: 9 Semiconductor: 6 Consumer / Retail: 6 Media / Entertainment: 6
Total pairs
125
Cross-market
51
Cointegrated (p<0.05)
13
Strong |corr| > 0.7
28

Top 3 (highest composite score)

#1 · score 73.3
↑ LONG 02706.HK HK
vs
↓ SHORT 02718.HK HK
Other
corr +0.74 coint 🟡 +0.10 β +0.21 L/S +9.95
#2 · score 61.37
↑ LONG 02706.HK HK
vs
↓ SHORT AAPL US
Other
corr -0.80 coint 🟡 +0.16 β -0.68 L/S +12.91
#3 · score 59.51
↑ LONG 01196.HK HK
vs
↓ SHORT 02718.HK HK
Other
corr +0.61 coint 🟢 +0.05 β +0.01 L/S +143.47

📖 Metrics

Score
Composite: |corr|×10 + (1-coint_p)×10 + phase_bonus + |1d_div|/2 (higher = better)
Corr (20d)
Pearson correlation over last 20 trading days. |corr|>0.7 = strong, 0.4-0.7 = medium, <0.4 = weak. Negative = inverse (also tradeable).
Coint (p)
Engle-Granger cointegration p-value. <0.05 = statistically mean-reverting pair (🟢), <0.20 = weak (🟡), >0.20 = no cointegration (⚪).
β (beta)
OLS hedge ratio. For dollar-neutral pair: short_dollars/long_dollars = β. β>0 = same direction, β<0 = inverse.
L/S ratio
Volatility-adjusted long/short ratio. For $1 long, short $L/S in the other leg. = vol_long / (vol_short × |β|). Higher = more short exposure needed.
Score Sector ↑ LONG ↓ SHORT Corr(20d) Coint(p) β L/S
TickerPhase1d% TickerPhase1d%
73.3 Other 02706.HK HK 🔴 Down +82.65 02718.HK HK 🔴 Down -31.12 +0.74 🟡 +0.10 +0.21 +9.95
61.37 Other 02706.HK HK 🔴 Down +82.65 AAPL US 🔴 Down -7.35 -0.80 🟡 +0.16 -0.68 +12.91
59.51 Other 01196.HK HK 🔴 Down +56.70 02718.HK HK 🔴 Down -31.12 +0.61 🟢 +0.05 +0.01 +143.47
55.96 Other 02706.HK HK 🔴 Down +82.65 01810.HK HK 🔴 Down -7.28 -0.82 ⚪ +0.72 -2.61 +1.81
45.1 Other 01196.HK HK 🔴 Down +56.70 01810.HK HK 🔴 Down -7.28 -0.50 🟡 +0.19 -0.20 +21.72
44.59 Other 09630.HK HK 🔴 Down +20.61 02718.HK HK 🔴 Down -31.12 +0.88 🟢 +0.01 +1.65 +0.68
41.15 Other 01196.HK HK 🔴 Down +56.70 AAPL US 🔴 Down -7.35 +0.01 🟡 +0.10 -0.03 +308.97
31.4 Other 09630.HK HK 🔴 Down +20.61 01810.HK HK 🔴 Down -7.28 -0.78 🟢 +0.03 -25.32 +0.10
27.75 Other 09630.HK HK 🔴 Down +20.61 AAPL US 🔴 Down -7.35 -0.57 🟡 +0.20 -4.19 +1.14
24.45 Utility CEG US 🔴 Down -0.31 RDDT US 🟠 Recov -20.99 -0.64 ⚪ +0.23 -0.41 +0.93
24.24 Crypto / Fintech HOOD US 🟡 Base -0.05 SOFI US 🔴 Down -0.97 +0.89 🟢 +0.01 +10.03 +0.10
23.82 Energy / Oil 01913.HK HK 🟡 Base +14.14 09633.HK HK 🔴 Down -3.91 +0.02 🟢 +0.04 +0.04 +30.00
23.22 Semiconductor 03986.HK HK 🔴 Down +7.19 MU US 🔴 Down -5.90 +0.73 🟡 +0.07 +1.67 +0.90
22.91 Consumer / Retail AMZN US 🟢 Up +15.32 NKE US 🔴 Down -1.37 +0.16 ⚪ +0.20 +1.78 +1.13
22.89 Utility VST US 🟡 Base -0.29 RDDT US 🟠 Recov -20.99 +0.13 ⚪ +0.38 -0.02 +24.27
22.1 Semiconductor 03986.HK HK 🔴 Down +7.19 SNDK US 🔴 Down -5.09 +0.86 ⚪ +0.26 +0.55 +1.89
22.05 Consumer / Retail AMZN US 🟢 Up +15.32 CMG US 🟡 Base -3.37 +0.39 🟡 +0.12 +0.85 +1.16
20.7 Utility GLW US 🔴 Down +2.24 RDDT US 🟠 Recov -20.99 +0.77 ⚪ +0.86 +0.17 +5.46
20.39 Internet / Software CRM US 🔴 Down +1.83 ADSK US 🔴 Down -0.33 +0.94 🟢 +0.01 +0.67 +1.57
20.11 Gold / Precious Metals 06693.HK HK 🔴 Down +2.33 02099.HK HK 🔴 Down +0.34 +0.94 🟢 +0.03 +0.16 +7.46
19.95 Internet / Software CRM US 🔴 Down +1.83 ADBE US 🔴 Down +1.01 +0.96 🟢 +0.00 +0.53 +1.70
19.89 Semiconductor MPWR US 🔴 Down +8.35 MU US 🔴 Down -5.90 +0.50 ⚪ +0.23 +0.37 +1.57
19.84 Industrial / Defense ETN US 🔴 Down +7.32 ICE US 🔴 Down -2.43 -0.55 🟡 +0.06 -0.87 +2.65
19.81 Industrial / Defense 09698.HK HK 🔴 Down +9.51 COIN US 🔴 Down -10.59 -0.09 🟡 +0.12 +0.03 +25.43
19.4 Media / Entertainment 09999.HK HK 🟡 Base +0.58 LYV US 🔴 Down -5.14 +0.45 ⚪ +0.30 +0.77 +2.21
19.3 Gold / Precious Metals 02899.HK HK 🔴 Down +2.21 02099.HK HK 🔴 Down +0.34 +0.97 🟡 +0.13 +0.10 +6.55
19.0 Industrial / Defense 09698.HK HK 🔴 Down +9.51 ICE US 🔴 Down -2.43 -0.47 🟡 +0.16 +0.06 +44.22
18.73 Internet / Software CRM US 🔴 Down +1.83 INTU US 🔴 Down +0.18 +0.89 🟡 +0.10 +0.53 +1.89
18.57 Crypto / Fintech 06082.HK HK 🔴 Down +11.20 PYPL US 🟡 Base -0.76 -0.88 🟡 +0.12 -1.51 +1.02
18.16 Industrial / Defense 06682.HK HK 🔴 Down +5.93 COIN US 🔴 Down -10.59 -0.25 ⚪ +0.26 +0.07 +14.10
17.78 Bank WBD US 🔴 Down +3.26 02328.HK HK 🔴 Down -2.38 -0.66 🟡 +0.16 -0.42 +1.42
17.76 Industrial / Defense 06682.HK HK 🔴 Down +5.93 LIN US 🔴 Down -5.95 -0.24 🟡 +0.06 -0.05 +64.05
17.71 AI Infrastructure CRWD US 🟢 Up +3.05 APP US 🟠 Recov -1.97 +0.38 ⚪ +0.36 -0.05 +20.46
17.21 Semiconductor 03986.HK HK 🔴 Down +7.19 NXPI US 🔴 Down -6.53 +0.78 ⚪ +0.75 +5.23 +0.65
17.17 Internet / Software MSFT US 🔴 Down +3.02 ADSK US 🔴 Down -0.33 +0.56 🟢 +0.01 +1.03 +1.20
16.68 Industrial / Defense 09698.HK HK 🔴 Down +9.51 LIN US 🔴 Down -5.95 -0.09 🟡 +0.19 -0.03 +71.87
16.6 Internet / Software MSFT US 🔴 Down +3.02 INTU US 🔴 Down +0.18 +0.54 🟢 +0.02 +0.85 +1.38
16.3 Healthcare / Medtech DHR US 🟡 Base -0.61 09901.HK HK 🔴 Down -4.55 +0.07 🟡 +0.13 +1.46 +0.51
16.21 Crypto / Fintech 06082.HK HK 🔴 Down +11.20 SOFI US 🔴 Down -0.97 +0.86 ⚪ +0.85 +3.26 +0.51
16.12 Gold / Precious Metals 06181.HK HK 🔴 Down +10.10 NEM US 🔴 Down -2.14 +0.29 ⚪ +0.29 +8.52 +0.33
16.08 Insurance 03200.HK HK 🔴 Down +11.93 02601.HK HK 🔴 Down -2.49 -0.84 ⚪ +0.96 -2.49 +1.58
16.02 Internet / Software MSFT US 🔴 Down +3.02 ADBE US 🔴 Down +1.01 +0.56 🟡 +0.05 +0.80 +1.32
15.92 Gold / Precious Metals 02899.HK HK 🔴 Down +2.21 02259.HK HK 🔴 Down +0.00 +0.96 ⚪ +0.48 +0.19 +3.21
15.59 Bank LITE US 🔴 Down +2.99 02328.HK HK 🔴 Down -2.38 -0.61 ⚪ +0.32 -29.18 +0.09
15.48 Healthcare / Medtech ISRG US 🔴 Down +0.10 09901.HK HK 🔴 Down -4.55 -0.35 🟢 +0.03 -6.78 +0.13
15.26 Internet / Software ORCL US 🔴 Down +1.81 ADSK US 🔴 Down -0.33 -0.43 🟢 +0.01 -0.17 +7.67
15.21 Gold / Precious Metals 06181.HK HK 🔴 Down +10.10 02099.HK HK 🔴 Down +0.34 -0.50 ⚪ +0.47 -0.53 +3.11
15.17 Media / Entertainment 09999.HK HK 🟡 Base +0.58 NFLX US 🔴 Down -2.00 +0.48 ⚪ +0.59 -0.32 +3.99
15.0 Media / Entertainment DIS US 🔴 Down +0.03 LYV US 🔴 Down -5.14 +0.43 🟡 +0.19 -0.16 +6.08
14.98 Insurance 06166.HK HK 🔴 Down +8.17 02601.HK HK 🔴 Down -2.49 -0.88 ⚪ +0.91 -2.96 +1.63
14.72 Healthcare / Medtech DHR US 🟡 Base -0.61 SYK US 🟡 Base -6.42 +0.32 🟡 +0.14 +0.43 +2.64
14.7 Pharma / Biotech 01548.HK HK 🟢 Up +5.00 ABBV US 🔴 Down -2.51 +0.50 ⚪ +0.91 +0.10 +24.82
14.36 Media / Entertainment 09999.HK HK 🟡 Base +0.58 09626.HK HK 🔴 Down -0.34 +0.42 ⚪ +0.53 +0.76 +1.12
14.25 Industrial / Defense 06682.HK HK 🔴 Down +5.93 ICE US 🔴 Down -2.43 -0.10 🟡 +0.09 +0.12 +26.67
14.22 Insurance 02577.HK HK 🔴 Down +5.74 02601.HK HK 🔴 Down -2.49 -0.84 ⚪ +0.83 -0.24 +10.79
14.11 Crypto / Fintech HOOD US 🟡 Base -0.05 MSTR US 🔴 Down -4.56 +0.20 ⚪ +0.52 -0.29 +3.38
13.81 Real Estate 02477.HK HK 🔴 Down +9.52 EQIX US 🔴 Down -2.70 -0.27 ⚪ +0.50 +0.00 +1171.27
13.73 Gold / Precious Metals 06693.HK HK 🔴 Down +2.33 02259.HK HK 🔴 Down +0.00 +0.94 ⚪ +0.68 +0.25 +4.52
13.55 Real Estate 02477.HK HK 🔴 Down +9.52 01318.HK HK 🔴 Down -4.16 -0.56 ⚪ +0.89 +0.01 +98.56
13.17 Real Estate 03330.HK HK 🔴 Down +5.75 01318.HK HK 🔴 Down -4.16 +0.73 ⚪ +0.91 +0.20 +7.33
13.14 Semiconductor MPWR US 🔴 Down +8.35 SNDK US 🔴 Down -5.09 +0.37 ⚪ +0.73 +0.15 +2.70
12.99 Crypto / Fintech HOOD US 🟡 Base -0.05 PYPL US 🟡 Base -0.76 -0.80 ⚪ +0.54 +0.01 +110.87
12.85 AI Infrastructure WDAY US 🔴 Down +1.41 SNOW US 🟢 Up -1.62 +0.72 🟡 +0.08 +0.53 +3.89
12.61 Crypto / Fintech MAR US 🔴 Down -0.71 MSTR US 🔴 Down -4.56 +0.12 🟡 +0.05 +0.68 +0.61
12.54 Energy / Oil GOOG US 🔴 Down +6.88 09633.HK HK 🔴 Down -3.91 -0.07 ⚪ +0.36 +1.05 +1.00
12.3 Energy / Oil GOOGL US 🔴 Down +6.73 09633.HK HK 🔴 Down -3.91 -0.11 ⚪ +0.41 +0.84 +1.23
12.27 Bank WBD US 🔴 Down +3.26 01288.HK HK 🟢 Up -3.07 -0.60 🟡 +0.19 -0.92 +0.77
12.02 Utility VST US 🟡 Base -0.29 UPS US 🟡 Base -1.00 +0.73 ⚪ +0.57 +0.74 +1.71
11.97 Pharma / Biotech 01548.HK HK 🟢 Up +5.00 01530.HK HK 🟠 Recov -3.69 -0.26 ⚪ +0.99 +0.87 +1.13
11.65 EV / Auto 09866.HK HK 🟡 Base +3.52 02015.HK HK 🔴 Down -1.57 +0.02 ⚪ +0.61 +0.42 +2.67
11.49 AI Infrastructure PANW US 🟢 Up +1.89 APP US 🟠 Recov -1.97 +0.26 ⚪ +0.81 -0.17 +5.09
11.38 Industrial / Defense ETN US 🔴 Down +7.32 COIN US 🔴 Down -10.59 -0.10 ⚪ +0.85 -0.15 +5.37
10.77 Bank WBD US 🔴 Down +3.26 01398.HK HK 🟢 Up -1.70 -0.55 ⚪ +0.22 -0.92 +0.95
10.64 Media / Entertainment DIS US 🔴 Down +0.03 NFLX US 🔴 Down -2.00 +0.39 ⚪ +0.43 +0.29 +2.59
10.59 Internet / Software ORCL US 🔴 Down +1.81 INTU US 🔴 Down +0.18 -0.66 ⚪ +0.68 -0.30 +4.13
10.47 Luxury / Brand 03896.HK HK 🔴 Down +15.74 06651.HK HK 🔴 Down +11.95 +0.12 ⚪ +0.27 +0.01 +99.72
10.41 Media / Entertainment DIS US 🔴 Down +0.03 09626.HK HK 🔴 Down -0.34 +0.36 ⚪ +0.34 -0.13 +3.98
10.21 Gold / Precious Metals 06181.HK HK 🔴 Down +10.10 02259.HK HK 🔴 Down +0.00 -0.36 ⚪ +0.84 +1.43 +1.09
10.18 Internet China ADR 02228.HK HK 🔴 Down +6.21 09888.HK HK 🔴 Down +3.72 +0.76 ⚪ +0.86 +0.02 +56.02
10.06 Semiconductor MPWR US 🔴 Down +8.35 NXPI US 🔴 Down -6.53 +0.16 ⚪ +0.90 +4.07 +0.32
10.02 Internet / Software ORCL US 🔴 Down +1.81 ADBE US 🔴 Down +1.01 -0.44 ⚪ +0.48 -0.13 +8.46
9.89 AI Infrastructure PANW US 🟢 Up +1.89 NET US 🟢 Up -1.56 +0.09 ⚪ +0.27 +1.02 +1.13
9.61 Telecom TMUS US 🔴 Down -0.36 06823.HK HK 🟢 Up -1.70 -0.55 🟡 +0.15 -1.76 +1.52
9.54 AI Infrastructure WDAY US 🔴 Down +1.41 APP US 🟠 Recov -1.97 -0.35 ⚪ +0.56 -0.06 +18.82
9.53 Bank LITE US 🔴 Down +2.99 01288.HK HK 🟢 Up -3.07 -0.47 ⚪ +0.33 -38.48 +0.08
9.39 Crypto / Fintech 06082.HK HK 🔴 Down +11.20 MSTR US 🔴 Down -4.56 +0.04 ⚪ +0.89 +0.29 +5.74
8.71 EV / Auto TSLA US 🔴 Down +0.76 02015.HK HK 🔴 Down -1.57 -0.68 ⚪ +0.92 +0.09 +14.02
8.71 Telecom T US 🔴 Down +0.17 06823.HK HK 🟢 Up -1.70 +0.86 ⚪ +0.58 +1.28 +1.18
8.36 Industrial / Defense ETN US 🔴 Down +7.32 LIN US 🔴 Down -5.95 +0.00 ⚪ +0.83 +0.03 +74.55
8.26 Real Estate 03330.HK HK 🔴 Down +5.75 EQIX US 🔴 Down -2.70 +0.29 ⚪ +0.89 -0.02 +108.74
8.09 Pharma / Biotech CTSH US 🔴 Down +2.69 01530.HK HK 🟠 Recov -3.69 -0.37 ⚪ +0.88 -1.98 +0.51
8.02 Pharma / Biotech CTSH US 🔴 Down +2.69 ABBV US 🔴 Down -2.51 +0.49 ⚪ +0.95 -0.13 +18.99
7.49 Consumer / Retail 09988.HK HK 🔴 Down +4.65 NKE US 🔴 Down -1.37 -0.12 ⚪ +0.68 +1.98 +0.90
7.49 AI Infrastructure CRWD US 🟢 Up +3.05 SNOW US 🟢 Up -1.62 -0.14 ⚪ +0.63 +0.51 +3.42
7.47 Bank LITE US 🔴 Down +2.99 01398.HK HK 🟢 Up -1.70 -0.36 ⚪ +0.35 -59.66 +0.07
7.3 Pharma / Biotech REGN US 🔴 Down +3.29 01530.HK HK 🟠 Recov -3.69 -0.36 ⚪ +0.98 +18.66 +0.03
6.99 Crypto / Fintech MAR US 🔴 Down -0.71 SOFI US 🔴 Down -0.97 -0.27 ⚪ +0.58 -4.83 +0.09
6.8 Pharma / Biotech REGN US 🔴 Down +3.29 ABBV US 🔴 Down -2.51 +0.21 ⚪ +0.82 +1.75 +0.80
6.64 Consumer / Retail BABA US 🔴 Down +5.10 NKE US 🔴 Down -1.37 -0.16 ⚪ +0.82 +2.06 +0.80
6.57 Utility CEG US 🔴 Down -0.31 NEE US 🟡 Base -1.15 +0.51 ⚪ +0.39 +1.46 +1.67
6.56 AI Infrastructure CRWD US 🟢 Up +3.05 NET US 🟢 Up -1.56 +0.29 ⚪ +0.87 +0.48 +2.74
6.38 Telecom CMCSA US 🔴 Down +1.23 06823.HK HK 🟢 Up -1.70 +0.01 🟢 +0.02 +0.07 +31.33
6.08 Gold / Precious Metals 02899.HK HK 🔴 Down +2.21 NEM US 🔴 Down -2.14 +0.16 ⚪ +0.77 +0.16 +7.18
6.07 Utility VST US 🟡 Base -0.29 NEE US 🟡 Base -1.15 +0.38 ⚪ +0.81 +2.14 +1.50
5.82 Insurance 03200.HK HK 🔴 Down +11.93 UNH US 🟢 Up -1.68 +0.27 ⚪ +0.87 -1.93 +2.21
5.65 Gold / Precious Metals 06693.HK HK 🔴 Down +2.33 NEM US 🔴 Down -2.14 +0.24 ⚪ +0.90 +0.02 +115.13
5.5 AI Infrastructure PANW US 🟢 Up +1.89 SNOW US 🟢 Up -1.62 -0.16 ⚪ +0.78 +1.23 +1.24
5.27 AI Infrastructure WDAY US 🔴 Down +1.41 NET US 🟢 Up -1.56 +0.31 ⚪ +0.43 +0.48 +3.25
4.54 Insurance 02577.HK HK 🔴 Down +5.74 UNH US 🟢 Up -1.68 +0.29 ⚪ +0.71 -0.70 +3.97
3.88 Utility CEG US 🔴 Down -0.31 UPS US 🟡 Base -1.00 +0.10 ⚪ +0.25 -0.03 +29.12
3.76 Insurance 06166.HK HK 🔴 Down +8.17 CI US 🟡 Base -2.99 +0.29 ⚪ +0.97 -1.15 +3.42
3.48 Pharma / Biotech 01548.HK HK 🟢 Up +5.00 01801.HK HK 🟡 Base -1.59 -0.01 ⚪ +0.99 +0.20 +6.36
3.32 Insurance 03200.HK HK 🔴 Down +11.93 CI US 🟡 Base -2.99 +0.07 ⚪ +0.98 -1.58 +2.03
3.28 Insurance 06166.HK HK 🔴 Down +8.17 UNH US 🟢 Up -1.68 +0.21 ⚪ +0.88 -1.51 +3.46
3.19 Pharma / Biotech CTSH US 🔴 Down +2.69 01801.HK HK 🟡 Base -1.59 -0.28 ⚪ +0.68 -0.15 +8.65
3.06 Healthcare / Medtech ISRG US 🔴 Down +0.10 SYK US 🟡 Base -6.42 +0.03 ⚪ +0.55 -0.82 +1.73
2.33 Consumer / Retail 09988.HK HK 🔴 Down +4.65 CMG US 🟡 Base -3.37 +0.00 ⚪ +0.67 -0.69 +1.26
2.21 Healthcare / Medtech 09901.HK HK 🔴 Down -4.55 SYK US 🟡 Base -6.42 +0.33 ⚪ +0.70 +0.11 +14.25
1.41 Utility GLW US 🔴 Down +2.24 UPS US 🟡 Base -1.00 +0.36 ⚪ +0.88 -1.19 +1.90
1.03 Consumer / Retail BABA US 🔴 Down +5.10 CMG US 🟡 Base -3.37 +0.10 ⚪ +0.92 -0.61 +1.32
0.92 Pharma / Biotech REGN US 🔴 Down +3.29 01801.HK HK 🟡 Base -1.59 -0.33 ⚪ +0.99 +3.58 +0.22
0.68 Insurance 02577.HK HK 🔴 Down +5.74 CI US 🟡 Base -2.99 +0.09 ⚪ +0.96 -0.47 +4.48
0.66 Crypto / Fintech MAR US 🔴 Down -0.71 PYPL US 🟡 Base -0.76 +0.05 ⚪ +0.48 -0.97 +0.39
0.4 Utility GLW US 🔴 Down +2.24 NEE US 🟡 Base -1.15 -0.26 ⚪ +0.89 -4.31 +1.33
0.18 Healthcare / Medtech ISRG US 🔴 Down +0.10 DHR US 🟡 Base -0.61 +0.25 ⚪ +0.77 -0.89 +1.40
⚠️ Disclaimer: Educational only. Not investment advice. Pairs trading involves significant risk. Cointegration tests are statistical — past mean reversion doesn't guarantee future. Use proper position sizing and stop-losses. Cross-market pairs have currency risk (HKD/USD).