Semiconductor (SOXX) vs. Emerging Markets ( EEM)

Interesting pair here. Although the ETFs are tracking different sectors, the correlation between the two in the past 100 days is good ( 70 % + ), but more importantly , the co -integration is high @ 86 %. This is the 3rd trade this year for this pair. So far, all trades have been successful.

CORRELATION : 70%
COINTEGRATION : 0.86

LONG SOXX (GREEN) @ 50.02
SHORT EEM (RED) @ 41.40