Biotechnology: Laboratory Analytical Instruments

Agilent Technologies Inc. vs Mettler-Toledo International Inc.

WatchlistA / MTDPrices through Oct 22, 2026

Why these are rivals: #1 and #3 by market value ($48B vs $33B) in Nasdaq's "Biotechnology: Laboratory Analytical Instruments" industry; SEC SIC 3826 / 3826 (same major group).

Rivals, but right now the price gap does not have a measured habit of closing, so there is no paper idea, whatever the gap.

  • Mean reversion: ADF t-statistic of the spread: -1.74 (needs <= -2.873 (5% critical value))
Business leadership

A is the larger business

Annual revenue reported to the SEC. Scale, not market share.

YearAMTDLarger
2025$6.9B$4.0BA
2024$6.5B$3.9BA
2023$6.8B$3.8BA
2022$6.8B$3.9BA
2021$6.3B$3.7BA
2020$5.3B$3.1BA

A led in every year with figures for both. Market value: A $47.9B, MTD $32.6B.

Stock leadership

Neither is clearly ahead

Measured against the pair's own last 252 trading days.

The gap is 0.24 standard deviations, close to the usual relationship. 2 lead switches in the last year.

Price change3 mo6 mo12 mo
A+25.5%+52.0%+19.4%
MTD+26.9%+33.2%+21.6%
Relationship

Not a measured twin today

Only these tests can make a pair tradable on paper.

Pass
Aligned sessions: 2521 (needs >= 254)
Pass
Co-movement: daily return correlation, 252 sessions: 0.68 (needs >= 0.60)
Fail
Mean reversion: ADF t-statistic of the spread: -1.74 (needs <= -2.873 (5% critical value))
Pass
Speed: half-life of the spread, sessions: 33.17 (needs <= 63)
Data
Both stocks current
The twins over two years

Prices side by side, and the gap between them

A Agilent Technologies Inc. MTD Mettler-Toledo International Inc.Price index, 100 = 2024-10-18. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
80100120Oct 2024Oct 2025Oct 2026
Spread z-score: A relative to MTD, against the 252 sessions before each day. Above 0: A ahead; below 0: MTD ahead. Lines at +/-2 (idea) and +/-4 (stop).
-4stop-2idea0+2idea+4stopOct 2024Oct 2025Oct 2026
Data table (504 sessions)
DateA indexMTD indexzAhead
2026-10-22125.25122.61+0.24near the usual relationship
2026-10-21128.03122.12+0.58A ahead
2026-10-20124.62118.93+0.57A ahead
2026-10-19122.38118.32+0.40near the usual relationship
2026-10-16124.59118.07+0.66A ahead
2026-10-15126.45119.29+0.72A ahead
2026-10-14125.33117.12+0.84A ahead
2026-10-13123.60116.31+0.75A ahead
2026-10-12123.41113.76+1.02A ahead
2026-10-09122.84112.81+1.07A ahead
2026-10-08121.13111.32+1.06A ahead
2026-10-07121.80111.61+1.10A ahead
2026-10-06121.97111.58+1.13A ahead
2026-10-05123.38112.20+1.21A ahead
2026-10-02120.85108.17+1.42A ahead
2026-10-01120.06107.80+1.39A ahead
2026-09-30124.12109.97+1.57A ahead
2026-09-29126.08111.89+1.56A ahead
2026-09-28126.20112.47+1.52A ahead
2026-09-25124.46110.02+1.64A ahead
2026-09-24124.50110.57+1.60A ahead
2026-09-23119.08108.61+1.25A ahead
2026-09-22120.48108.50+1.43A ahead
2026-09-21116.65104.11+1.57A ahead
2026-09-18112.71101.33+1.48A ahead
2026-09-17112.61102.65+1.31A ahead
2026-09-16110.70100.34+1.39A ahead
2026-09-15108.2496.83+1.59A ahead
2026-09-14105.7493.58+1.75A ahead
2026-09-11105.8394.14+1.70A ahead
2026-09-10103.0993.20+1.49A ahead
2026-09-09104.2693.91+1.56A ahead
2026-09-08105.7896.47+1.39A ahead
2026-09-04108.6797.91+1.58A ahead
2026-09-03108.0398.71+1.39A ahead
2026-09-02109.0599.55+1.42A ahead
2026-09-01108.00100.14+1.21A ahead
2026-08-31110.61102.27+1.26A ahead
2026-08-28110.81101.79+1.36A ahead
2026-08-27113.58102.43+1.64A ahead
2026-08-26111.70101.78+1.50A ahead
2026-08-25111.48102.06+1.45A ahead
2026-08-24110.52101.81+1.37A ahead
2026-08-21114.53101.55+1.94A ahead
2026-08-20112.58101.40+1.73A ahead
2026-08-19111.94103.72+1.33A ahead
2026-08-18106.92101.87+0.94A ahead
2026-08-17106.93103.16+0.76A ahead
2026-08-14106.99103.28+0.76A ahead
2026-08-13107.53104.13+0.72A ahead
2026-08-12106.78104.70+0.55A ahead
2026-08-11107.68104.60+0.69A ahead
2026-08-10107.12103.90+0.72A ahead
2026-08-07105.14104.04+0.44near the usual relationship
2026-08-06101.81103.44+0.07near the usual relationship
2026-08-05101.64103.46+0.04near the usual relationship
2026-08-04100.27104.59-0.30near the usual relationship
2026-08-03100.70105.17-0.32near the usual relationship
2026-07-3199.67103.08-0.18near the usual relationship
2026-07-3099.91100.48+0.22near the usual relationship
2026-07-29101.06101.04+0.31near the usual relationship
2026-07-28101.23101.05+0.33near the usual relationship
2026-07-2799.3297.26+0.61A ahead
2026-07-2499.8196.59+0.78A ahead
2026-07-23100.6696.94+0.86A ahead
2026-07-2296.1393.59+0.71A ahead
2026-07-2195.7094.48+0.51A ahead
2026-07-2093.8392.71+0.51A ahead
2026-07-1794.6995.34+0.24near the usual relationship
2026-07-1698.0397.17+0.47near the usual relationship
2026-07-1597.0395.82+0.52A ahead
2026-07-1497.3995.69+0.59A ahead
2026-07-1396.5594.58+0.64A ahead
2026-07-1096.7394.34+0.70A ahead
2026-07-0996.2393.74+0.72A ahead
2026-07-0892.9790.90+0.67A ahead
2026-07-0794.4694.29+0.38near the usual relationship
2026-07-0694.0794.29+0.32near the usual relationship
2026-07-0294.1495.23+0.19near the usual relationship
2026-07-0196.0894.64+0.57A ahead
2026-06-3095.6892.98+0.76A ahead
2026-06-2995.6891.62+0.98A ahead
2026-06-2697.9791.98+1.27A ahead
2026-06-2597.6190.50+1.46A ahead
2026-06-2494.8187.57+1.53A ahead
2026-06-2391.2484.18+1.55A ahead
2026-06-2291.1184.72+1.45A ahead
2026-06-1891.5283.32+1.77A ahead
2026-06-1789.5682.21+1.67A ahead
2026-06-1692.4483.81+1.87A ahead
2026-06-1594.0684.02+2.11A ahead
2026-06-1293.5282.35+2.36A ahead
2026-06-1193.3283.06+2.23A ahead
2026-06-1094.8182.46+2.62A ahead
2026-06-0997.5984.63+2.72A ahead
2026-06-0895.5882.89+2.77A ahead
2026-06-0597.5684.01+2.94A ahead
2026-06-0499.6785.92+2.99A ahead
2026-06-0398.9785.10+3.10A ahead
2026-06-0297.2885.15+2.86A ahead
2026-06-0197.9586.14+2.83A ahead
2026-05-2997.6285.92+2.88A ahead
2026-05-2897.5184.68+3.19A ahead
2026-05-2783.4479.61+1.52A ahead
2026-05-2682.8980.16+1.28A ahead
2026-05-2282.8180.28+1.25A ahead
2026-05-2182.6879.36+1.44A ahead
2026-05-2081.9678.80+1.42A ahead
2026-05-1979.6476.48+1.46A ahead
2026-05-1880.7578.23+1.30A ahead
2026-05-1580.4675.08+2.01A ahead
2026-05-1481.5875.83+2.11A ahead
2026-05-1381.2174.64+2.35A ahead
2026-05-1281.3278.05+1.55A ahead
2026-05-1180.2978.50+1.20A ahead
2026-05-0883.2881.84+1.11A ahead
2026-05-0785.4696.02-1.46MTD ahead
2026-05-0684.7796.58-1.74MTD ahead
2026-05-0584.6694.79-1.42MTD ahead
2026-05-0480.8091.74-1.71MTD ahead
2026-05-0182.4992.22-1.42MTD ahead
2026-04-3083.2392.91-1.40MTD ahead
2026-04-2980.1790.26-1.58MTD ahead
2026-04-2882.7491.88-1.33MTD ahead
2026-04-2783.2892.77-1.40MTD ahead
2026-04-2483.2393.34-1.55MTD ahead
2026-04-2382.4292.02-1.47MTD ahead
2026-04-2286.7895.35-1.16MTD ahead
2026-04-2187.9496.38-1.12MTD ahead
2026-04-2087.1396.41-1.32MTD ahead
2026-04-1787.7897.57-1.42MTD ahead
2026-04-1685.1893.95-1.28MTD ahead
2026-04-1586.2795.77-1.42MTD ahead
2026-04-1486.7297.64-1.72MTD ahead
2026-04-1384.6497.96-2.32MTD ahead
2026-04-1082.8896.44-2.46MTD ahead
2026-04-0983.1297.16-2.61MTD ahead
2026-04-0884.2296.27-2.17MTD ahead
2026-04-0782.0392.43-1.88MTD ahead
2026-04-0682.7292.19-1.67MTD ahead
2026-04-0283.1891.70-1.45MTD ahead
2026-04-0182.5092.73-1.88MTD ahead
2026-03-3182.1091.79-1.79MTD ahead
2026-03-3080.6890.83-1.96MTD ahead
2026-03-2779.4189.67-2.05MTD ahead
2026-03-2681.7492.43-2.11MTD ahead
2026-03-2581.3892.12-2.16MTD ahead
2026-03-2482.2692.03-1.92MTD ahead
2026-03-2380.6990.18-1.92MTD ahead
2026-03-2080.1787.66-1.44MTD ahead
2026-03-1980.4986.65-1.09MTD ahead
2026-03-1880.3186.72-1.17MTD ahead
2026-03-1781.2187.83-1.21MTD ahead
2026-03-1680.5587.24-1.25MTD ahead
2026-03-1380.3285.43-0.84MTD ahead
2026-03-1280.4185.01-0.70MTD ahead
2026-03-1183.1489.44-1.11MTD ahead
2026-03-1083.1489.65-1.16MTD ahead
2026-03-0984.0290.88-1.25MTD ahead
2026-03-0682.8988.04-0.83MTD ahead
2026-03-0585.0891.79-1.20MTD ahead
2026-03-0486.8393.64-1.20MTD ahead
2026-03-0385.7595.83-2.06MTD ahead
2026-03-0285.1296.44-2.43MTD ahead
2026-02-2787.4399.47-2.56MTD ahead
2026-02-2687.14100.24-2.89MTD ahead
2026-02-2589.84100.43-2.22MTD ahead
2026-02-2489.61100.41-2.30MTD ahead
2026-02-2389.46101.40-2.63MTD ahead
2026-02-2088.53100.26-2.65MTD ahead
2026-02-1991.00100.19-1.95MTD ahead
2026-02-1891.44100.12-1.83MTD ahead
2026-02-1789.2298.49-2.05MTD ahead
2026-02-1390.6299.05-1.82MTD ahead
2026-02-1289.9598.83-1.97MTD ahead
2026-02-1192.85101.36-1.82MTD ahead
2026-02-1092.92101.92-1.96MTD ahead
2026-02-0991.84100.50-1.91MTD ahead
2026-02-0693.3499.97-1.37MTD ahead
2026-02-0593.38100.65-1.54MTD ahead
2026-02-0495.79101.15-1.02MTD ahead
2026-02-0395.1899.70-0.83MTD ahead
2026-02-0297.52100.85-0.52MTD ahead
2026-01-3096.4199.95-0.58MTD ahead
2026-01-2996.00101.37-1.03MTD ahead
2026-01-2896.43102.01-1.07MTD ahead
2026-01-2797.93103.73-1.10MTD ahead
2026-01-2697.71103.76-1.16MTD ahead
2026-01-2397.28102.36-0.95MTD ahead
2026-01-2299.86104.67-0.86MTD ahead
2026-01-21100.68105.02-0.76MTD ahead
2026-01-2097.84102.15-0.79MTD ahead
2026-01-16100.58106.31-1.05MTD ahead
2026-01-15104.32108.93-0.80MTD ahead
2026-01-14105.11108.12-0.49near the usual relationship
2026-01-13105.40108.06-0.43near the usual relationship
2026-01-12106.60108.59-0.30near the usual relationship
2026-01-09106.98108.09-0.14near the usual relationship
2026-01-08104.99106.64-0.25near the usual relationship
2026-01-07106.47107.05-0.05near the usual relationship
2026-01-06106.32108.09-0.28near the usual relationship
2026-01-05102.95105.29-0.41near the usual relationship
2026-01-0299.37102.72-0.63MTD ahead
2025-12-3198.01101.47-0.66MTD ahead
2025-12-3099.13102.94-0.73MTD ahead
2025-12-2999.35103.31-0.76MTD ahead
2025-12-2699.68103.36-0.71MTD ahead
2025-12-2499.63103.14-0.69MTD ahead
2025-12-2399.66102.96-0.65MTD ahead
2025-12-2299.78102.80-0.61MTD ahead
2025-12-1998.85102.08-0.66MTD ahead
2025-12-1898.61101.12-0.53MTD ahead
2025-12-1798.44100.78-0.51MTD ahead
2025-12-16100.26100.91-0.19near the usual relationship
2025-12-15101.27102.80-0.35near the usual relationship
2025-12-12100.61101.43-0.23near the usual relationship
2025-12-11102.91103.46-0.19near the usual relationship
2025-12-10103.34102.32+0.09near the usual relationship
2025-12-09101.3099.81+0.18near the usual relationship
2025-12-08102.60100.54+0.27near the usual relationship
2025-12-05104.80102.98+0.21near the usual relationship
2025-12-04106.84103.55+0.46near the usual relationship
2025-12-03107.51104.43+0.41near the usual relationship
2025-12-02107.19105.33+0.20near the usual relationship
2025-12-01108.12106.85+0.09near the usual relationship
2025-11-28110.57107.48+0.38near the usual relationship
2025-11-26111.19108.19+0.36near the usual relationship
2025-11-25113.23109.61+0.44near the usual relationship
2025-11-24110.64107.00+0.45near the usual relationship
2025-11-21108.95105.70+0.39near the usual relationship
2025-11-20104.49101.85+0.31near the usual relationship
2025-11-19104.01102.22+0.16near the usual relationship
2025-11-18103.61101.64+0.19near the usual relationship
2025-11-17104.10101.09+0.37near the usual relationship
2025-11-14105.76102.12+0.46near the usual relationship
2025-11-13105.81102.78+0.36near the usual relationship
2025-11-12109.14105.37+0.46near the usual relationship
2025-11-11107.63105.17+0.26near the usual relationship
2025-11-10105.42104.26+0.05near the usual relationship
2025-11-07105.70104.76+0.01near the usual relationship
2025-11-06106.24104.78+0.10near the usual relationship
2025-11-05105.72104.79+0.01near the usual relationship
2025-11-04105.22103.37+0.17near the usual relationship
2025-11-03104.22102.39+0.17near the usual relationship
2025-10-31105.42103.08+0.25near the usual relationship
2025-10-30103.26100.22+0.38near the usual relationship
2025-10-29103.15101.47+0.15near the usual relationship
2025-10-28105.06102.23+0.34near the usual relationship
2025-10-27105.59103.33+0.24near the usual relationship
2025-10-24106.63104.39+0.24near the usual relationship
2025-10-23106.22104.64+0.13near the usual relationship
2025-10-22105.07100.54+0.65A ahead
2025-10-21104.93100.84+0.57A ahead
2025-10-20103.0098.78+0.61A ahead
2025-10-17102.2398.20+0.59A ahead
2025-10-16101.6498.95+0.36near the usual relationship
2025-10-15100.5994.91+0.91A ahead
2025-10-1499.4394.84+0.73A ahead
2025-10-1399.5793.51+1.01A ahead
2025-10-1098.4192.70+0.96A ahead
2025-10-09100.9295.17+0.95A ahead
2025-10-08101.4396.69+0.76A ahead
2025-10-0799.8195.28+0.74A ahead
2025-10-06102.0097.91+0.65A ahead
2025-10-03102.0295.64+1.08A ahead
2025-10-0299.9194.65+0.90A ahead
2025-10-0199.8293.87+1.03A ahead
2025-09-3092.4589.35+0.55A ahead
2025-09-2989.1486.71+0.44near the usual relationship
2025-09-2688.8887.66+0.20near the usual relationship
2025-09-2587.8088.03-0.09near the usual relationship
2025-09-2489.5990.41-0.21near the usual relationship
2025-09-2390.7291.49-0.19near the usual relationship
2025-09-2291.0091.56-0.15near the usual relationship
2025-09-1990.9992.11-0.26near the usual relationship
2025-09-1891.9393.68-0.38near the usual relationship
2025-09-1791.2892.72-0.32near the usual relationship
2025-09-1691.6292.88-0.28near the usual relationship
2025-09-1590.4991.71-0.28near the usual relationship
2025-09-1288.7791.67-0.61MTD ahead
2025-09-1191.2893.36-0.44near the usual relationship
2025-09-1089.4091.19-0.39near the usual relationship
2025-09-0990.9493.55-0.55MTD ahead
2025-09-0892.2995.68-0.69MTD ahead
2025-09-0592.7495.03-0.48near the usual relationship
2025-09-0492.5493.73-0.27near the usual relationship
2025-09-0390.2092.33-0.46near the usual relationship
2025-09-0290.1992.87-0.57MTD ahead
2025-08-2990.5194.69-0.85MTD ahead
2025-08-2890.0193.39-0.71MTD ahead
2025-08-2785.4993.54-1.67MTD ahead
2025-08-2685.2193.51-1.73MTD ahead
2025-08-2585.8293.87-1.69MTD ahead
2025-08-2287.6196.18-1.77MTD ahead
2025-08-2184.3893.01-1.86MTD ahead
2025-08-2085.8095.84-2.13MTD ahead
2025-08-1986.5296.26-2.07MTD ahead
2025-08-1885.1095.44-2.24MTD ahead
2025-08-1585.8695.51-2.11MTD ahead
2025-08-1485.6295.61-2.21MTD ahead
2025-08-1386.6596.37-2.16MTD ahead
2025-08-1284.5194.10-2.20MTD ahead
2025-08-1182.2191.45-2.21MTD ahead
2025-08-0882.5691.41-2.14MTD ahead
2025-08-0782.1090.03-1.97MTD ahead
2025-08-0681.5688.93-1.87MTD ahead
2025-08-0582.7690.54-1.94MTD ahead
2025-08-0482.7289.66-1.76MTD ahead
2025-08-0181.7587.14-1.41MTD ahead
2025-07-3182.7089.79-1.79MTD ahead
2025-07-3085.0392.13-1.75MTD ahead
2025-07-2986.3292.15-1.46MTD ahead
2025-07-2886.1191.78-1.43MTD ahead
2025-07-2586.5791.99-1.37MTD ahead
2025-07-2486.6991.76-1.30MTD ahead
2025-07-2386.0591.50-1.39MTD ahead
2025-07-2283.6988.72-1.34MTD ahead
2025-07-2180.7084.90-1.18MTD ahead
2025-07-1882.1186.96-1.33MTD ahead
2025-07-1783.8187.75-1.09MTD ahead
2025-07-1681.7086.19-1.25MTD ahead
2025-07-1581.3585.05-1.06MTD ahead
2025-07-1486.4986.89-0.25near the usual relationship
2025-07-1188.8089.08-0.22near the usual relationship
2025-07-1089.4489.98-0.27near the usual relationship
2025-07-0987.3788.69-0.44near the usual relationship
2025-07-0887.1687.81-0.28near the usual relationship
2025-07-0785.9086.50-0.27near the usual relationship
2025-07-0387.4388.00-0.25near the usual relationship
2025-07-0286.9187.75-0.30near the usual relationship
2025-07-0186.7687.72-0.32near the usual relationship
2025-06-3085.0085.50-0.22near the usual relationship
2025-06-2785.8486.21-0.18near the usual relationship
2025-06-2686.0286.85-0.28near the usual relationship
2025-06-2585.4486.82-0.39near the usual relationship
2025-06-2484.7486.26-0.41near the usual relationship
2025-06-2383.6584.69-0.30near the usual relationship
2025-06-2083.2483.98-0.23near the usual relationship
2025-06-1883.2183.37-0.09near the usual relationship
2025-06-1783.6283.74-0.07near the usual relationship
2025-06-1685.7386.09-0.11near the usual relationship
2025-06-1384.3384.09+0.02near the usual relationship
2025-06-1285.6586.48-0.19near the usual relationship
2025-06-1186.2386.83-0.14near the usual relationship
2025-06-1086.8188.54-0.36near the usual relationship
2025-06-0984.0987.00-0.60MTD ahead
2025-06-0683.4186.20-0.58MTD ahead
2025-06-0582.0784.76-0.56MTD ahead
2025-06-0482.7985.13-0.48near the usual relationship
2025-06-0381.2284.90-0.76MTD ahead
2025-06-0279.9983.05-0.65MTD ahead
2025-05-3080.6284.10-0.74MTD ahead
2025-05-2981.6085.39-0.79MTD ahead
2025-05-2879.8784.24-0.94MTD ahead
2025-05-2780.1484.63-0.96MTD ahead
2025-05-2378.1781.09-0.65MTD ahead
2025-05-2279.0082.68-0.81MTD ahead
2025-05-2178.4582.48-0.90MTD ahead
2025-05-2081.7486.32-0.98MTD ahead
2025-05-1981.7184.36-0.59MTD ahead
2025-05-1681.9584.24-0.52MTD ahead
2025-05-1580.9683.22-0.52MTD ahead
2025-05-1480.3381.36-0.26near the usual relationship
2025-05-1383.1485.67-0.57MTD ahead
2025-05-1283.2385.49-0.52MTD ahead
2025-05-0977.0278.68-0.43near the usual relationship
2025-05-0878.3080.18-0.48near the usual relationship
2025-05-0777.4578.93-0.40near the usual relationship
2025-05-0675.8077.39-0.44near the usual relationship
2025-05-0578.0679.41-0.38near the usual relationship
2025-05-0278.2580.06-0.48near the usual relationship
2025-05-0176.6876.90-0.15near the usual relationship
2025-04-3077.5077.92-0.20near the usual relationship
2025-04-2977.4077.53-0.14near the usual relationship
2025-04-2876.9877.25-0.18near the usual relationship
2025-04-2576.5577.28-0.29near the usual relationship
2025-04-2477.0978.24-0.38near the usual relationship
2025-04-2375.6376.15-0.25near the usual relationship
2025-04-2274.0573.01+0.08near the usual relationship
2025-04-2172.2270.61+0.21near the usual relationship
2025-04-1773.8273.14-0.01near the usual relationship
2025-04-1673.9873.99-0.17near the usual relationship
2025-04-1574.2876.17-0.57MTD ahead
2025-04-1475.7778.81-0.81MTD ahead
2025-04-1173.9875.83-0.58MTD ahead
2025-04-1071.9972.61-0.33near the usual relationship
2025-04-0977.1177.27-0.23near the usual relationship
2025-04-0871.5270.78-0.04near the usual relationship
2025-04-0774.6275.12-0.31near the usual relationship
2025-04-0474.1974.43-0.26near the usual relationship
2025-04-0379.0079.71-0.36near the usual relationship
2025-04-0283.5585.34-0.55MTD ahead
2025-04-0182.1584.16-0.61MTD ahead
2025-03-3184.2685.95-0.54MTD ahead
2025-03-2884.0585.67-0.54MTD ahead
2025-03-2785.6986.85-0.45near the usual relationship
2025-03-2686.3686.68-0.31near the usual relationship
2025-03-2586.8086.98-0.29near the usual relationship
2025-03-2487.8688.22-0.32near the usual relationship
2025-03-2186.9887.28-0.32near the usual relationship
2025-03-2086.6487.37-0.40near the usual relationship
2025-03-1988.0388.83-0.42near the usual relationship
2025-03-1888.6790.45-0.59MTD ahead
2025-03-1788.2389.89-0.57MTD ahead
2025-03-1487.2989.54-0.69MTD ahead
2025-03-1384.5187.48-0.83MTD ahead
2025-03-1286.3388.50-0.69MTD ahead
2025-03-1187.1890.48-0.88MTD ahead
2025-03-1087.8194.21-1.39MTD ahead
2025-03-0791.2694.00-0.78MTD ahead
2025-03-0691.1592.62-0.59MTD ahead
2025-03-0591.1391.55-0.42near the usual relationship
2025-03-0488.6490.32-0.64MTD ahead
2025-03-0391.0092.33-0.58MTD ahead
2025-02-2892.1492.63-0.45near the usual relationship
2025-02-2791.5491.22-0.32near the usual relationship
2025-02-2696.8693.85+0.09near the usual relationship
2025-02-2596.6595.26-0.16near the usual relationship
2025-02-2497.4495.34-0.06near the usual relationship
2025-02-2197.5193.64+0.21near the usual relationship
2025-02-2098.5394.84+0.17near the usual relationship
2025-02-1998.7994.83+0.21near the usual relationship
2025-02-1897.3992.66+0.33near the usual relationship
2025-02-1497.0092.57+0.29near the usual relationship
2025-02-1398.2994.41+0.19near the usual relationship
2025-02-1299.4695.53+0.18near the usual relationship
2025-02-11102.1096.94+0.35near the usual relationship
2025-02-10103.5097.56+0.45near the usual relationship
2025-02-07104.60101.17+0.07near the usual relationship
2025-02-06106.3598.78+0.66A ahead
2025-02-05106.6099.24+0.62A ahead
2025-02-04105.9197.51+0.78A ahead
2025-02-03107.0697.70+0.91A ahead
2025-01-31109.1499.31+0.96A ahead
2025-01-30109.0499.31+0.95A ahead
2025-01-29105.9597.20+0.84A ahead
2025-01-28108.2998.46+0.98A ahead
2025-01-27108.7498.05+1.10A ahead
2025-01-24109.0896.88+1.33A ahead
2025-01-23109.8197.18+1.39A ahead
2025-01-22109.9296.41+1.53A ahead
2025-01-21109.9096.40+1.53A ahead
2025-01-17106.1494.28+1.35A ahead
2025-01-16104.2494.44+1.06A ahead
2025-01-15102.4593.14+1.01A ahead
2025-01-14103.3192.53+1.24A ahead
2025-01-13102.2592.23+1.13A ahead
2025-01-1099.0288.14+1.33A ahead
2025-01-0898.6890.72+0.85A ahead
2025-01-0798.9891.34+0.78A ahead
2025-01-0698.2791.14+0.71A ahead
2025-01-0397.7490.12+0.79A ahead
2025-01-0296.1188.85+0.74A ahead
2024-12-3196.7789.06+0.80A ahead
2024-12-3096.8288.79+0.85A ahead
2024-12-2797.6389.83+0.80A ahead
2024-12-2697.8490.63+0.70A ahead
2024-12-2498.0390.71+0.71A ahead
2024-12-2396.9589.84+0.68A ahead
2024-12-2096.8989.57+0.71A ahead
2024-12-1995.9487.78+0.85A ahead
2024-12-1895.8188.39+0.73A ahead
2024-12-1798.2990.75+0.71A ahead
2024-12-1699.1691.76+0.68A ahead
2024-12-13100.1292.94+0.63A ahead
2024-12-12101.5092.94+0.82A ahead
2024-12-11101.7092.48+0.91A ahead
2024-12-10102.2392.48+0.97A ahead
2024-12-09103.7293.28+1.05A ahead
2024-12-06101.2691.55+0.97A ahead
2024-12-0599.3190.82+0.80A ahead
2024-12-04100.9991.90+0.87A ahead
2024-12-03100.3291.55+0.82A ahead
2024-12-02100.5491.62+0.84A ahead
2024-11-2999.3891.06+0.76A ahead
2024-11-2799.5090.50+0.85A ahead
2024-11-2696.7989.69+0.59A ahead
2024-11-2596.8789.12+0.69A ahead
2024-11-2296.4188.65+0.69A ahead
2024-11-2195.1287.11+0.74A ahead
2024-11-2092.6184.93+0.72A ahead
2024-11-1990.5484.48+0.49near the usual relationship
2024-11-1891.4285.49+0.46near the usual relationship
2024-11-1591.5385.85+0.42near the usual relationship
2024-11-1493.8090.09+0.10near the usual relationship
2024-11-1396.7291.61+0.29near the usual relationship
2024-11-1296.2891.77+0.21near the usual relationship
2024-11-1196.4290.98+0.34near the usual relationship
2024-11-0898.4595.35-0.01near the usual relationship
2024-11-07100.58102.73-0.73MTD ahead
2024-11-0699.24101.76-0.78MTD ahead
2024-11-05101.14100.86-0.41near the usual relationship
2024-11-04100.5999.28-0.27near the usual relationship
2024-11-0198.5997.68-0.33near the usual relationship
2024-10-3193.8694.02-0.47near the usual relationship
2024-10-3094.7194.78-0.46near the usual relationship
2024-10-2994.5394.41-0.44near the usual relationship
2024-10-2894.7594.25-0.39near the usual relationship
2024-10-2593.7894.09-0.51MTD ahead
2024-10-2494.1494.13-0.46near the usual relationship
2024-10-2395.8296.10-0.51MTD ahead
2024-10-2296.1398.38-0.79MTD ahead
2024-10-2198.5199.40-0.60MTD ahead
2024-10-18100.00100.00-0.48near the usual relationship

One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Aug 28, 2025 (A +5.3%, MTD -0.2%); May 8, 2026 (A -2.5%, MTD -14.8%); May 28, 2026 (A +16.9%, MTD +6.4%). Upcoming earnings: MTD Nov 5, 2026 (after-hours).

Paired trades

The shared paper book and the replay, kept apart

Forward paper record

No paper position on this pair yet.

Historical simulation (a diagnostic, same rules)

2 simulated trades to Oct 20, 2026: +6.93% per trade on average after costs, 1 won.

LegsEnteredExitedWhyDaysBefore costsCosts + borrowAfter costs
Long A · Short MTDNov 12, 2020Feb 17, 2021converged97$1,768.44-$56.92$1,734.59 (+17.35%)
Long A · Short MTDAug 12, 2020Nov 9, 2020divergence stop89-$288.10-$80.73-$347.66 (-3.48%)

Per $10,000 a leg. A replay on today's companies cannot prove an edge.

The companies

A and MTD at a glance

A Agilent Technologies Inc.

Listing
NYSE · SEC CIK 1090872
Industry
Biotechnology: Laboratory Analytical Instruments · SIC 3826 Laboratory Analytical Instruments
Market value
$47.9B
Price history
2,521 daily closes, Oct 12, 2016 to Oct 22, 2026

MTD Mettler-Toledo International Inc.

Listing
NYSE · SEC CIK 1037646
Industry
Biotechnology: Laboratory Analytical Instruments · SIC 3826 Laboratory Analytical Instruments
Market value
$32.6B
Price history
2,521 daily closes, Oct 12, 2016 to Oct 22, 2026

Daily prices: Nasdaq.com. Filings and industry codes: SEC EDGAR. Earnings dates: Nasdaq earnings calendar.

Related
All pairs →
PairStatusAhead nowIndustry
A / WATMeasured twinA by 0.61 sdBiotechnology: Laboratory Analytical Instruments
A / ILMNWatchlistILMN by 1.41 sdSIC 3826 Laboratory Analytical Instruments
WAT / MTDWatchlistneitherBiotechnology: Laboratory Analytical Instruments

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Paper only: hypothetical paired positions with modelled costs. No broker, no orders, no real money. A historical simulation is a diagnostic, not proof of an edge. Not investment advice.