-
Royal Bank of Canada (RY $203.85)
-
Toronto-Dominion Bank (The) (TD $109.96)
-
Bank of Nova Scotia (The) (BNS $89.76)
-
Hamilton Canadian Bank Mean Reversion Index ETF (HCA $30.32)
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...