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Pairs trades are amongst the most common elementary quant strategies, which is why all equities are so damn correlated and which destroys the apparent arb descr

Pairs trades are amongst the most common elementary quant strategies, which is why all equities are so damn correlated and which destroys the apparent arb described in the article.

imtringued 4y ago
In fact, the article simply explains the origin of arbitrage from a mathematical perspective.