BOSCHLTD - SIEMENS Pair Analysis

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End-of-day divergence (Standardized residual) is -1.13.
Half life of pair is 11.4.
Real time (live) divergence is calculating using following formula:
[siemens_price - (0.0592 * boschltd_price) - 3.99]/69.6

(where 3.99 is mean error and 69.6 is standard error)
Technical strength of BOSCHLTD is 6.1. (Support & Resistance)
Technical strength of SIEMENS is 3.1. (Support & Resistance)
Recommendation
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Entry Criterion: Take positions when divergence becomes (+/-)2.5. And exit positions when divergence becomes (+/-)0.0.
Stop Loss: Put your stop loss when divergence becomes more than 3.0 or less than -3.0. We suggest you always use stop losses.
Note: When you trade in futures, keep in mind the expiry date of futures as divergence might not end before expiry date.
Click here to see all recommendations for pair boschltd-siemens.
Analyse any other pair:

How to choose pairs?
Choose stocks from same sector/subsector.
Use stock with large market capitalization as first stock.
Here is a list of pairs chosen analytically.

Charts

BOSCHLTD Futures - NSE
Expiry Date Close Price Open Interest Number of Trades No of Contracts Underlying Closing Price
April 26, 2018 19673.2 33700.0 1390.0 3109.0 19646.85
May 31, 2018 19774.25 152700.0 1623.0 3351.0 19646.85
Lot size: 25.0.

SIEMENS Futures - NSE

Expiry Date Close Price Open Interest Number of Trades No of Contracts Underlying Closing Price
April 26, 2018 1089.2 119500.0 1203.0 1323.0 1088.7
May 31, 2018 1094.75 1294000.0 1236.0 1366.0 1088.7
June 28, 2018 1099.0 2000.0 6.0 6.0 1088.7
Lot size: 500.0.
Click here for backtesting results.

BOSCHLTD-SIEMENS Analysis with different time frames and thresholds

Time Frame 1year, Entry Threshold 2, Stop Loss Threshold 2.5, Total Profit 53477.342247
Time Frame 1year, Entry Threshold 2, Stop Loss Threshold 3, Total Profit 53110.0328347
Time Frame 3months, Entry Threshold 2.5, Stop Loss Threshold 3, Total Profit 41703.1141636
Time Frame 3months, Entry Threshold 2, Stop Loss Threshold 3, Total Profit 36643.4994941
Time Frame 3months, Entry Threshold 2, Stop Loss Threshold 2.5, Total Profit 32445.887612