There is a 95% chance that there pairs are cointegrated as of 25/01/2024. Future trends can change this but not in the short term. So this will likely hold true for a month maybe. Not sure. Also not sure why its mostly hydro. I have not personally traded using this strategy. I will start back testing now and see if it is actually a viable technique. Preliminary tests seem good. To learn more you may check this link: [Pair Trading in Nepse – Quant Trading Strategies (youtube.com)](https://www.youtube.com/watch?v=rI16okuYW9g)
This is not an investment advice.If you wish to try it out do it at your own risk.