Would make for a interesting quantamental strat. I've seen similar things happen in Asia w/ Korean equities (crazy # of listed subsidiaries w/ similar names... ie Samsung Electronics, Samsung Biologics, Samsung Securities, etc) or with Chinese equities.
Interesting research project — how much can you predict correlation between two stocks just by knowing their tickers? Thinking BB/BBBY/BBW today or ZM/ZOOM earlier this year.
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