In order to kick off the Free Finance project, I've released a tutorial to guide interested parties through the creation of a statistical arbitrage screener. You can use it to analyze stocks and determine pairs that could be viable candidates for statistical arbitrage. The script works by running an Augemented Dickey-Fuller test, one of the tests for cointegration, the measure primarily used to determine whether two stocks tend to move together in time.
In order to run the script, you will need Finatica, which can be downloaded for free. The code for the screener is available at Free Finance.
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