Both turn raw chemistry into something someone else depends on.
AVNTis Avient — specialty polymers and colourants sold into other manufacturers' products.
SMGis Scotts Miracle-Gro — lawn fertiliser and garden brands on the retail shelf.
Specialty chemicals and agricultural inputs — different aisles, same input costs. Their gap has closed repeatedly before, and it just opened.
We're on the spread, not against either business.
PAIRSYNC RATIO SPREAD:
Use *** AVNT−0.5691*SMG *** in #Tradingview
Avient
AVNT gapped up while Scotts SMG sold off in the same session.Across the past year the spread keeps returning to its middle line.
It sat near the bottom of its range through July; today it's above the top band.
That 0.5691 is a ratio of shares, not dollars — one AVNT against roughly half an SMG, so the two trade as one instrument.
The gap has drifted for a year without drifting away — that persistence is what the bands are drawn from.
🔗Click link in bio for related pair information.
⚠️Not financial advice. DYOFR
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.