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Royal Bank of Canada (RY $182.14)
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Toronto-Dominion Bank (The) (TD $101.01)
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Bank of Nova Scotia (The) (BNS $75.76)
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Hamilton Canadian Bank Mean Reversion Index ETF (HCA $26.74)
Q: Since the Canadian banks eventually trade in line with each other,would it make sense to sell Royal and buy BNS,TD,etc.?
5i Research Answer:
There have been studies indicating Canadian bank stocks do have some reversion to the mean...