Equity stat arb is this, done across a universe of similar assets and at scale. Good implementations - normalize for common risk (sectors, countries, factors) - look at volume as well as price - use many time horizons - include short-term fundamentals to explain big moveshttps://twitter.com/goodalexander/status/1383992798265806858 …
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true - less assets but you can go crazy with the fwd tenor combinations and x-assets fx/rates type stuff. but i think harder to show strong corr/cointegration since these are more macro-ish products
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