“…However, recent research evidence suggests the existence of stationary linear relations among log data of share prices. Based on this result, it is suggested the construction of SA strategies 4 exploiting the mean-reverting properties of linear relations among financial data (Alexakis, 2010; Bondarenko, 2003; Canjels, Prakash-Canjels, & Taylor, 2004; Forbes, Kalb, & Kofman, 1999; Harasty & Roulet, 2000; Hogan, Jarrow, Teo, & Warachka, 2004; Jacobsen, 2008; Laopodis & Sawhney, 2002; Mavrakis, 2011; Tatom, 2002; Wang & Yau, 1994).…”