Agilent Technologies Inc. vs Waters Corporation
Measured twinA / WATPrices through Oct 22, 2026
Why these are rivals: #1 and #2 by market value ($48B vs $43B) in Nasdaq's "Biotechnology: Laboratory Analytical Instruments" industry; SEC SIC 3826 / 3826 (same major group); #1 and #2 by market value ($48B vs $43B) with SEC SIC 3826 (Laboratory Analytical Instruments).
The price gap between these two has a measured habit of closing. A 2 standard deviation gap becomes a paired paper idea.
- no divergence: z = 0.61 (needs |z| >= 2.0)
Business leadership
A is the larger business
Annual revenue reported to the SEC. Scale, not market share.
| Year | A | WAT | Larger |
|---|---|---|---|
| 2025 | $6.9B | $3.2B | A |
| 2024 | $6.5B | $3.0B | A |
| 2023 | $6.8B | $3.0B | A |
| 2022 | $6.8B | $3.0B | A |
| 2021 | $6.3B | $2.8B | A |
| 2020 | $5.3B | $2.4B | A |
A led in every year with figures for both. Market value: A $47.9B, WAT $42.7B.
Stock leadership
A is ahead now
Measured against the pair's own last 252 trading days.
A leads WAT by 0.61 standard deviations: +3.1% over its usual price ratio. 4 lead switches in the last year.
| Price change | 3 mo | 6 mo | 12 mo |
|---|---|---|---|
| A | +25.5% | +52.0% | +19.4% |
| WAT | +21.6% | +46.4% | +30.5% |
Relationship
The gap has closed before
Only these tests can make a pair tradable on paper.
- Pass
- Aligned sessions: 2521 (needs >= 254)
- Pass
- Co-movement: daily return correlation, 252 sessions: 0.65 (needs >= 0.60)
- Pass
- Mean reversion: ADF t-statistic of the spread: -3.33 (needs <= -2.873 (5% critical value))
- Pass
- Speed: half-life of the spread, sessions: 9.23 (needs <= 63)
- Data
- Both stocks current
The twins over two years
Prices side by side, and the gap between them
A Agilent Technologies Inc. WAT Waters CorporationPrice index, 100 = 2024-10-18. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
Spread z-score: A relative to WAT, against the 252 sessions before each day. Above 0: A ahead; below 0: WAT ahead. Lines at +/-2 (idea) and +/-4 (stop).
Data table (504 sessions)
| Date | A index | WAT index | z | Ahead |
|---|---|---|---|---|
| 2026-10-22 | 125.25 | 130.75 | +0.61 | A ahead |
| 2026-10-21 | 128.03 | 131.29 | +0.95 | A ahead |
| 2026-10-20 | 124.62 | 127.09 | +1.04 | A ahead |
| 2026-10-19 | 122.38 | 124.63 | +1.05 | A ahead |
| 2026-10-16 | 124.59 | 125.40 | +1.26 | A ahead |
| 2026-10-15 | 126.45 | 127.46 | +1.22 | A ahead |
| 2026-10-14 | 125.33 | 125.30 | +1.37 | A ahead |
| 2026-10-13 | 123.60 | 123.17 | +1.42 | A ahead |
| 2026-10-12 | 123.41 | 124.01 | +1.25 | A ahead |
| 2026-10-09 | 122.84 | 124.49 | +1.07 | A ahead |
| 2026-10-08 | 121.13 | 123.15 | +0.99 | A ahead |
| 2026-10-07 | 121.80 | 125.12 | +0.78 | A ahead |
| 2026-10-06 | 121.97 | 125.25 | +0.77 | A ahead |
| 2026-10-05 | 123.38 | 126.31 | +0.81 | A ahead |
| 2026-10-02 | 120.85 | 122.03 | +1.03 | A ahead |
| 2026-10-01 | 120.06 | 122.12 | +0.89 | A ahead |
| 2026-09-30 | 124.12 | 126.10 | +0.89 | A ahead |
| 2026-09-29 | 126.08 | 127.21 | +1.00 | A ahead |
| 2026-09-28 | 126.20 | 127.12 | +1.01 | A ahead |
| 2026-09-25 | 124.46 | 124.42 | +1.13 | A ahead |
| 2026-09-24 | 124.50 | 123.49 | +1.25 | A ahead |
| 2026-09-23 | 119.08 | 120.70 | +0.88 | A ahead |
| 2026-09-22 | 120.48 | 122.18 | +0.86 | A ahead |
| 2026-09-21 | 116.65 | 121.66 | +0.40 | near the usual relationship |
| 2026-09-18 | 112.71 | 121.00 | -0.08 | near the usual relationship |
| 2026-09-17 | 112.61 | 123.32 | -0.40 | near the usual relationship |
| 2026-09-16 | 110.70 | 120.14 | -0.27 | near the usual relationship |
| 2026-09-15 | 108.24 | 119.70 | -0.57 | WAT ahead |
| 2026-09-14 | 105.74 | 117.67 | -0.67 | WAT ahead |
| 2026-09-11 | 105.83 | 117.19 | -0.60 | WAT ahead |
| 2026-09-10 | 103.09 | 115.26 | -0.76 | WAT ahead |
| 2026-09-09 | 104.26 | 116.17 | -0.71 | WAT ahead |
| 2026-09-08 | 105.78 | 115.63 | -0.42 | near the usual relationship |
| 2026-09-04 | 108.67 | 117.49 | -0.26 | near the usual relationship |
| 2026-09-03 | 108.03 | 118.69 | -0.51 | WAT ahead |
| 2026-09-02 | 109.05 | 118.30 | -0.33 | near the usual relationship |
| 2026-09-01 | 108.00 | 116.47 | -0.25 | near the usual relationship |
| 2026-08-31 | 110.61 | 118.99 | -0.21 | near the usual relationship |
| 2026-08-28 | 110.81 | 119.01 | -0.19 | near the usual relationship |
| 2026-08-27 | 113.58 | 120.90 | -0.06 | near the usual relationship |
| 2026-08-26 | 111.70 | 118.86 | -0.06 | near the usual relationship |
| 2026-08-25 | 111.48 | 118.94 | -0.11 | near the usual relationship |
| 2026-08-24 | 110.52 | 117.88 | -0.11 | near the usual relationship |
| 2026-08-21 | 114.53 | 117.86 | +0.42 | near the usual relationship |
| 2026-08-20 | 112.58 | 116.14 | +0.38 | near the usual relationship |
| 2026-08-19 | 111.94 | 119.34 | -0.11 | near the usual relationship |
| 2026-08-18 | 106.92 | 115.15 | -0.26 | near the usual relationship |
| 2026-08-17 | 106.93 | 117.02 | -0.50 | WAT ahead |
| 2026-08-14 | 106.99 | 118.29 | -0.66 | WAT ahead |
| 2026-08-13 | 107.53 | 118.67 | -0.64 | WAT ahead |
| 2026-08-12 | 106.78 | 119.43 | -0.84 | WAT ahead |
| 2026-08-11 | 107.68 | 119.10 | -0.68 | WAT ahead |
| 2026-08-10 | 107.12 | 118.17 | -0.65 | WAT ahead |
| 2026-08-07 | 105.14 | 116.76 | -0.75 | WAT ahead |
| 2026-08-06 | 101.81 | 114.71 | -0.97 | WAT ahead |
| 2026-08-05 | 101.64 | 114.79 | -1.01 | WAT ahead |
| 2026-08-04 | 100.27 | 113.67 | -1.07 | WAT ahead |
| 2026-08-03 | 100.70 | 107.54 | -0.21 | near the usual relationship |
| 2026-07-31 | 99.67 | 108.28 | -0.47 | near the usual relationship |
| 2026-07-30 | 99.91 | 109.14 | -0.55 | WAT ahead |
| 2026-07-29 | 101.06 | 108.91 | -0.36 | near the usual relationship |
| 2026-07-28 | 101.23 | 110.17 | -0.50 | WAT ahead |
| 2026-07-27 | 99.32 | 106.53 | -0.30 | near the usual relationship |
| 2026-07-24 | 99.81 | 107.53 | -0.37 | near the usual relationship |
| 2026-07-23 | 100.66 | 109.75 | -0.54 | WAT ahead |
| 2026-07-22 | 96.13 | 106.42 | -0.77 | WAT ahead |
| 2026-07-21 | 95.70 | 105.48 | -0.71 | WAT ahead |
| 2026-07-20 | 93.83 | 102.61 | -0.60 | WAT ahead |
| 2026-07-17 | 94.69 | 105.89 | -0.93 | WAT ahead |
| 2026-07-16 | 98.03 | 108.53 | -0.79 | WAT ahead |
| 2026-07-15 | 97.03 | 107.60 | -0.82 | WAT ahead |
| 2026-07-14 | 97.39 | 108.02 | -0.82 | WAT ahead |
| 2026-07-13 | 96.55 | 107.11 | -0.82 | WAT ahead |
| 2026-07-10 | 96.73 | 108.03 | -0.91 | WAT ahead |
| 2026-07-09 | 96.23 | 108.23 | -1.01 | WAT ahead |
| 2026-07-08 | 92.97 | 105.65 | -1.16 | WAT ahead |
| 2026-07-07 | 94.46 | 107.60 | -1.19 | WAT ahead |
| 2026-07-06 | 94.07 | 108.74 | -1.40 | WAT ahead |
| 2026-07-02 | 94.14 | 108.85 | -1.40 | WAT ahead |
| 2026-07-01 | 96.08 | 108.52 | -1.06 | WAT ahead |
| 2026-06-30 | 95.68 | 107.63 | -1.00 | WAT ahead |
| 2026-06-29 | 95.68 | 105.86 | -0.75 | WAT ahead |
| 2026-06-26 | 97.97 | 107.45 | -0.62 | WAT ahead |
| 2026-06-25 | 97.61 | 108.16 | -0.76 | WAT ahead |
| 2026-06-24 | 94.81 | 105.95 | -0.87 | WAT ahead |
| 2026-06-23 | 91.24 | 102.51 | -0.94 | WAT ahead |
| 2026-06-22 | 91.11 | 102.81 | -1.00 | WAT ahead |
| 2026-06-18 | 91.52 | 102.01 | -0.82 | WAT ahead |
| 2026-06-17 | 89.56 | 102.45 | -1.18 | WAT ahead |
| 2026-06-16 | 92.44 | 103.47 | -0.87 | WAT ahead |
| 2026-06-15 | 94.06 | 102.67 | -0.52 | WAT ahead |
| 2026-06-12 | 93.52 | 102.03 | -0.51 | WAT ahead |
| 2026-06-11 | 93.32 | 103.24 | -0.70 | WAT ahead |
| 2026-06-10 | 94.81 | 104.23 | -0.61 | WAT ahead |
| 2026-06-09 | 97.59 | 106.51 | -0.50 | WAT ahead |
| 2026-06-08 | 95.58 | 104.27 | -0.48 | near the usual relationship |
| 2026-06-05 | 97.56 | 104.85 | -0.27 | near the usual relationship |
| 2026-06-04 | 99.67 | 108.04 | -0.38 | near the usual relationship |
| 2026-06-03 | 98.97 | 108.99 | -0.58 | WAT ahead |
| 2026-06-02 | 97.28 | 106.74 | -0.52 | WAT ahead |
| 2026-06-01 | 97.95 | 108.53 | -0.63 | WAT ahead |
| 2026-05-29 | 97.62 | 110.08 | -0.84 | WAT ahead |
| 2026-05-28 | 97.51 | 105.23 | -0.27 | near the usual relationship |
| 2026-05-27 | 83.44 | 98.20 | -1.35 | WAT ahead |
| 2026-05-26 | 82.89 | 97.18 | -1.29 | WAT ahead |
| 2026-05-22 | 82.81 | 98.26 | -1.42 | WAT ahead |
| 2026-05-21 | 82.68 | 97.86 | -1.38 | WAT ahead |
| 2026-05-20 | 81.96 | 97.95 | -1.49 | WAT ahead |
| 2026-05-19 | 79.64 | 95.64 | -1.54 | WAT ahead |
| 2026-05-18 | 80.75 | 95.33 | -1.32 | WAT ahead |
| 2026-05-15 | 80.46 | 94.48 | -1.25 | WAT ahead |
| 2026-05-14 | 81.58 | 95.63 | -1.22 | WAT ahead |
| 2026-05-13 | 81.21 | 96.12 | -1.33 | WAT ahead |
| 2026-05-12 | 81.32 | 101.08 | -1.91 | WAT ahead |
| 2026-05-11 | 80.29 | 99.89 | -1.91 | WAT ahead |
| 2026-05-08 | 83.28 | 101.92 | -1.70 | WAT ahead |
| 2026-05-07 | 85.46 | 100.59 | -1.23 | WAT ahead |
| 2026-05-06 | 84.77 | 100.31 | -1.28 | WAT ahead |
| 2026-05-05 | 84.66 | 98.36 | -1.06 | WAT ahead |
| 2026-05-04 | 80.80 | 86.64 | -0.12 | near the usual relationship |
| 2026-05-01 | 82.49 | 88.14 | -0.07 | near the usual relationship |
| 2026-04-30 | 83.23 | 88.74 | -0.04 | near the usual relationship |
| 2026-04-29 | 80.17 | 83.84 | +0.19 | near the usual relationship |
| 2026-04-28 | 82.74 | 86.31 | +0.22 | near the usual relationship |
| 2026-04-27 | 83.28 | 86.04 | +0.34 | near the usual relationship |
| 2026-04-24 | 83.23 | 88.93 | -0.03 | near the usual relationship |
| 2026-04-23 | 82.42 | 89.31 | -0.17 | near the usual relationship |
| 2026-04-22 | 86.78 | 95.96 | -0.39 | near the usual relationship |
| 2026-04-21 | 87.94 | 96.21 | -0.26 | near the usual relationship |
| 2026-04-20 | 87.13 | 96.32 | -0.37 | near the usual relationship |
| 2026-04-17 | 87.78 | 94.07 | -0.03 | near the usual relationship |
| 2026-04-16 | 85.18 | 91.56 | -0.05 | near the usual relationship |
| 2026-04-15 | 86.27 | 93.61 | -0.15 | near the usual relationship |
| 2026-04-14 | 86.72 | 94.99 | -0.24 | near the usual relationship |
| 2026-04-13 | 84.64 | 93.18 | -0.28 | near the usual relationship |
| 2026-04-10 | 82.88 | 91.84 | -0.34 | near the usual relationship |
| 2026-04-09 | 83.12 | 91.16 | -0.23 | near the usual relationship |
| 2026-04-08 | 84.22 | 91.41 | -0.12 | near the usual relationship |
| 2026-04-07 | 82.03 | 88.21 | -0.02 | near the usual relationship |
| 2026-04-06 | 82.72 | 87.27 | +0.18 | near the usual relationship |
| 2026-04-02 | 83.18 | 87.31 | +0.24 | near the usual relationship |
| 2026-04-01 | 82.50 | 86.06 | +0.31 | near the usual relationship |
| 2026-03-31 | 82.10 | 85.46 | +0.34 | near the usual relationship |
| 2026-03-30 | 80.68 | 84.19 | +0.32 | near the usual relationship |
| 2026-03-27 | 79.41 | 82.98 | +0.31 | near the usual relationship |
| 2026-03-26 | 81.74 | 86.26 | +0.22 | near the usual relationship |
| 2026-03-25 | 81.38 | 86.76 | +0.12 | near the usual relationship |
| 2026-03-24 | 82.26 | 86.65 | +0.24 | near the usual relationship |
| 2026-03-23 | 80.69 | 86.62 | +0.06 | near the usual relationship |
| 2026-03-20 | 80.17 | 85.81 | +0.09 | near the usual relationship |
| 2026-03-19 | 80.49 | 85.97 | +0.12 | near the usual relationship |
| 2026-03-18 | 80.31 | 84.67 | +0.25 | near the usual relationship |
| 2026-03-17 | 81.21 | 85.23 | +0.30 | near the usual relationship |
| 2026-03-16 | 80.55 | 83.23 | +0.46 | near the usual relationship |
| 2026-03-13 | 80.32 | 82.24 | +0.55 | A ahead |
| 2026-03-12 | 80.41 | 81.31 | +0.68 | A ahead |
| 2026-03-11 | 83.14 | 85.39 | +0.54 | A ahead |
| 2026-03-10 | 83.14 | 85.99 | +0.47 | near the usual relationship |
| 2026-03-09 | 84.02 | 87.72 | +0.39 | near the usual relationship |
| 2026-03-06 | 82.89 | 86.82 | +0.36 | near the usual relationship |
| 2026-03-05 | 85.08 | 90.57 | +0.21 | near the usual relationship |
| 2026-03-04 | 86.83 | 91.56 | +0.31 | near the usual relationship |
| 2026-03-03 | 85.75 | 89.58 | +0.40 | near the usual relationship |
| 2026-03-02 | 85.12 | 88.17 | +0.48 | near the usual relationship |
| 2026-02-27 | 87.43 | 91.66 | +0.37 | near the usual relationship |
| 2026-02-26 | 87.14 | 92.65 | +0.24 | near the usual relationship |
| 2026-02-25 | 89.84 | 91.67 | +0.64 | A ahead |
| 2026-02-24 | 89.61 | 93.64 | +0.41 | near the usual relationship |
| 2026-02-23 | 89.46 | 94.07 | +0.36 | near the usual relationship |
| 2026-02-20 | 88.53 | 95.66 | +0.10 | near the usual relationship |
| 2026-02-19 | 91.00 | 94.32 | +0.50 | A ahead |
| 2026-02-18 | 91.44 | 94.00 | +0.58 | A ahead |
| 2026-02-17 | 89.22 | 92.25 | +0.53 | A ahead |
| 2026-02-13 | 90.62 | 92.80 | +0.62 | A ahead |
| 2026-02-12 | 89.95 | 91.79 | +0.66 | A ahead |
| 2026-02-11 | 92.85 | 94.48 | +0.69 | A ahead |
| 2026-02-10 | 92.92 | 93.85 | +0.76 | A ahead |
| 2026-02-09 | 91.84 | 94.17 | +0.62 | A ahead |
| 2026-02-06 | 93.34 | 109.42 | -0.66 | WAT ahead |
| 2026-02-05 | 93.38 | 108.16 | -0.55 | WAT ahead |
| 2026-02-04 | 95.79 | 110.30 | -0.49 | near the usual relationship |
| 2026-02-03 | 95.18 | 108.75 | -0.42 | near the usual relationship |
| 2026-02-02 | 97.52 | 108.86 | -0.20 | near the usual relationship |
| 2026-01-30 | 96.41 | 106.39 | -0.09 | near the usual relationship |
| 2026-01-29 | 96.00 | 107.67 | -0.24 | near the usual relationship |
| 2026-01-28 | 96.43 | 110.50 | -0.45 | near the usual relationship |
| 2026-01-27 | 97.93 | 111.95 | -0.43 | near the usual relationship |
| 2026-01-26 | 97.71 | 112.18 | -0.47 | near the usual relationship |
| 2026-01-23 | 97.28 | 112.59 | -0.55 | WAT ahead |
| 2026-01-22 | 99.86 | 114.91 | -0.50 | WAT ahead |
| 2026-01-21 | 100.68 | 113.85 | -0.33 | near the usual relationship |
| 2026-01-20 | 97.84 | 110.16 | -0.29 | near the usual relationship |
| 2026-01-16 | 100.58 | 111.17 | -0.12 | near the usual relationship |
| 2026-01-15 | 104.32 | 113.24 | +0.06 | near the usual relationship |
| 2026-01-14 | 105.11 | 112.84 | +0.17 | near the usual relationship |
| 2026-01-13 | 105.40 | 113.08 | +0.17 | near the usual relationship |
| 2026-01-12 | 106.60 | 112.98 | +0.29 | near the usual relationship |
| 2026-01-09 | 106.98 | 113.86 | +0.25 | near the usual relationship |
| 2026-01-08 | 104.99 | 113.83 | +0.08 | near the usual relationship |
| 2026-01-07 | 106.47 | 114.62 | +0.14 | near the usual relationship |
| 2026-01-06 | 106.32 | 114.95 | +0.10 | near the usual relationship |
| 2026-01-05 | 102.95 | 113.35 | -0.07 | near the usual relationship |
| 2026-01-02 | 99.37 | 109.62 | -0.09 | near the usual relationship |
| 2025-12-31 | 98.01 | 109.01 | -0.17 | near the usual relationship |
| 2025-12-30 | 99.13 | 110.20 | -0.16 | near the usual relationship |
| 2025-12-29 | 99.35 | 110.52 | -0.17 | near the usual relationship |
| 2025-12-26 | 99.68 | 110.79 | -0.16 | near the usual relationship |
| 2025-12-24 | 99.63 | 110.44 | -0.14 | near the usual relationship |
| 2025-12-23 | 99.66 | 109.98 | -0.10 | near the usual relationship |
| 2025-12-22 | 99.78 | 110.24 | -0.11 | near the usual relationship |
| 2025-12-19 | 98.85 | 108.49 | -0.04 | near the usual relationship |
| 2025-12-18 | 98.61 | 108.00 | -0.02 | near the usual relationship |
| 2025-12-17 | 98.44 | 108.23 | -0.06 | near the usual relationship |
| 2025-12-16 | 100.26 | 108.63 | +0.08 | near the usual relationship |
| 2025-12-15 | 101.27 | 110.61 | +0.00 | near the usual relationship |
| 2025-12-12 | 100.61 | 110.58 | -0.06 | near the usual relationship |
| 2025-12-11 | 102.91 | 112.56 | -0.01 | near the usual relationship |
| 2025-12-10 | 103.34 | 113.59 | -0.06 | near the usual relationship |
| 2025-12-09 | 101.30 | 110.82 | -0.01 | near the usual relationship |
| 2025-12-08 | 102.60 | 112.71 | -0.05 | near the usual relationship |
| 2025-12-05 | 104.80 | 113.30 | +0.10 | near the usual relationship |
| 2025-12-04 | 106.84 | 113.75 | +0.25 | near the usual relationship |
| 2025-12-03 | 107.51 | 114.11 | +0.28 | near the usual relationship |
| 2025-12-02 | 107.19 | 114.40 | +0.23 | near the usual relationship |
| 2025-12-01 | 108.12 | 114.16 | +0.33 | near the usual relationship |
| 2025-11-28 | 110.57 | 115.78 | +0.42 | near the usual relationship |
| 2025-11-26 | 111.19 | 116.84 | +0.39 | near the usual relationship |
| 2025-11-25 | 113.23 | 118.39 | +0.44 | near the usual relationship |
| 2025-11-24 | 110.64 | 114.66 | +0.52 | A ahead |
| 2025-11-21 | 108.95 | 113.07 | +0.51 | A ahead |
| 2025-11-20 | 104.49 | 108.66 | +0.50 | A ahead |
| 2025-11-19 | 104.01 | 107.98 | +0.52 | A ahead |
| 2025-11-18 | 103.61 | 108.09 | +0.47 | near the usual relationship |
| 2025-11-17 | 104.10 | 108.47 | +0.49 | near the usual relationship |
| 2025-11-14 | 105.76 | 108.88 | +0.61 | A ahead |
| 2025-11-13 | 105.81 | 108.85 | +0.62 | A ahead |
| 2025-11-12 | 109.14 | 111.17 | +0.72 | A ahead |
| 2025-11-11 | 107.63 | 110.82 | +0.62 | A ahead |
| 2025-11-10 | 105.42 | 108.07 | +0.67 | A ahead |
| 2025-11-07 | 105.70 | 106.67 | +0.82 | A ahead |
| 2025-11-06 | 106.24 | 106.52 | +0.89 | A ahead |
| 2025-11-05 | 105.72 | 106.75 | +0.83 | A ahead |
| 2025-11-04 | 105.22 | 105.42 | +0.90 | A ahead |
| 2025-11-03 | 104.22 | 99.18 | +1.40 | A ahead |
| 2025-10-31 | 105.42 | 100.33 | +1.41 | A ahead |
| 2025-10-30 | 103.26 | 98.41 | +1.40 | A ahead |
| 2025-10-29 | 103.15 | 98.57 | +1.37 | A ahead |
| 2025-10-28 | 105.06 | 99.28 | +1.49 | A ahead |
| 2025-10-27 | 105.59 | 100.95 | +1.38 | A ahead |
| 2025-10-24 | 106.63 | 103.17 | +1.27 | A ahead |
| 2025-10-23 | 106.22 | 102.07 | +1.34 | A ahead |
| 2025-10-22 | 105.07 | 100.06 | +1.43 | A ahead |
| 2025-10-21 | 104.93 | 100.22 | +1.41 | A ahead |
| 2025-10-20 | 103.00 | 98.49 | +1.40 | A ahead |
| 2025-10-17 | 102.23 | 96.02 | +1.59 | A ahead |
| 2025-10-16 | 101.64 | 96.10 | +1.53 | A ahead |
| 2025-10-15 | 100.59 | 95.40 | +1.50 | A ahead |
| 2025-10-14 | 99.43 | 95.61 | +1.37 | A ahead |
| 2025-10-13 | 99.57 | 96.52 | +1.29 | A ahead |
| 2025-10-10 | 98.41 | 94.99 | +1.33 | A ahead |
| 2025-10-09 | 100.92 | 94.83 | +1.60 | A ahead |
| 2025-10-08 | 101.43 | 94.03 | +1.75 | A ahead |
| 2025-10-07 | 99.81 | 91.36 | +1.88 | A ahead |
| 2025-10-06 | 102.00 | 94.02 | +1.82 | A ahead |
| 2025-10-03 | 102.02 | 94.24 | +1.81 | A ahead |
| 2025-10-02 | 99.91 | 92.39 | +1.80 | A ahead |
| 2025-10-01 | 99.82 | 91.78 | +1.87 | A ahead |
| 2025-09-30 | 92.45 | 86.04 | +1.75 | A ahead |
| 2025-09-29 | 89.14 | 83.06 | +1.74 | A ahead |
| 2025-09-26 | 88.88 | 83.72 | +1.64 | A ahead |
| 2025-09-25 | 87.80 | 82.59 | +1.66 | A ahead |
| 2025-09-24 | 89.59 | 83.99 | +1.69 | A ahead |
| 2025-09-23 | 90.72 | 85.87 | +1.59 | A ahead |
| 2025-09-22 | 91.00 | 86.81 | +1.51 | A ahead |
| 2025-09-19 | 90.99 | 86.35 | +1.57 | A ahead |
| 2025-09-18 | 91.93 | 87.93 | +1.49 | A ahead |
| 2025-09-17 | 91.28 | 87.15 | +1.50 | A ahead |
| 2025-09-16 | 91.62 | 86.98 | +1.56 | A ahead |
| 2025-09-15 | 90.49 | 85.82 | +1.57 | A ahead |
| 2025-09-12 | 88.77 | 84.77 | +1.50 | A ahead |
| 2025-09-11 | 91.28 | 86.80 | +1.54 | A ahead |
| 2025-09-10 | 89.40 | 84.10 | +1.66 | A ahead |
| 2025-09-09 | 90.94 | 86.24 | +1.57 | A ahead |
| 2025-09-08 | 92.29 | 88.78 | +1.42 | A ahead |
| 2025-09-05 | 92.74 | 87.91 | +1.58 | A ahead |
| 2025-09-04 | 92.54 | 86.01 | +1.79 | A ahead |
| 2025-09-03 | 90.20 | 83.24 | +1.87 | A ahead |
| 2025-09-02 | 90.19 | 85.09 | +1.64 | A ahead |
| 2025-08-29 | 90.51 | 86.61 | +1.50 | A ahead |
| 2025-08-28 | 90.01 | 85.42 | +1.58 | A ahead |
| 2025-08-27 | 85.49 | 84.55 | +1.15 | A ahead |
| 2025-08-26 | 85.21 | 84.99 | +1.06 | A ahead |
| 2025-08-25 | 85.82 | 85.79 | +1.03 | A ahead |
| 2025-08-22 | 87.61 | 86.72 | +1.13 | A ahead |
| 2025-08-21 | 84.38 | 83.35 | +1.15 | A ahead |
| 2025-08-20 | 85.80 | 85.16 | +1.10 | A ahead |
| 2025-08-19 | 86.52 | 85.44 | +1.15 | A ahead |
| 2025-08-18 | 85.10 | 83.05 | +1.27 | A ahead |
| 2025-08-15 | 85.86 | 83.67 | +1.29 | A ahead |
| 2025-08-14 | 85.62 | 84.24 | +1.19 | A ahead |
| 2025-08-13 | 86.65 | 85.19 | +1.19 | A ahead |
| 2025-08-12 | 84.51 | 81.94 | +1.34 | A ahead |
| 2025-08-11 | 82.21 | 80.15 | +1.28 | A ahead |
| 2025-08-08 | 82.56 | 80.70 | +1.25 | A ahead |
| 2025-08-07 | 82.10 | 79.78 | +1.31 | A ahead |
| 2025-08-06 | 81.56 | 79.70 | +1.25 | A ahead |
| 2025-08-05 | 82.76 | 80.70 | +1.28 | A ahead |
| 2025-08-04 | 82.72 | 81.96 | +1.11 | A ahead |
| 2025-08-01 | 81.75 | 83.31 | +0.81 | A ahead |
| 2025-07-31 | 82.70 | 82.87 | +0.98 | A ahead |
| 2025-07-30 | 85.03 | 85.83 | +0.90 | A ahead |
| 2025-07-29 | 86.32 | 87.01 | +0.90 | A ahead |
| 2025-07-28 | 86.11 | 86.77 | +0.89 | A ahead |
| 2025-07-25 | 86.57 | 86.94 | +0.92 | A ahead |
| 2025-07-24 | 86.69 | 85.66 | +1.07 | A ahead |
| 2025-07-23 | 86.05 | 84.84 | +1.09 | A ahead |
| 2025-07-22 | 83.69 | 82.50 | +1.09 | A ahead |
| 2025-07-21 | 80.70 | 80.83 | +0.92 | A ahead |
| 2025-07-18 | 82.11 | 82.52 | +0.88 | A ahead |
| 2025-07-17 | 83.81 | 85.21 | +0.76 | A ahead |
| 2025-07-16 | 81.70 | 83.10 | +0.75 | A ahead |
| 2025-07-15 | 81.35 | 83.10 | +0.70 | A ahead |
| 2025-07-14 | 86.49 | 87.30 | +0.81 | A ahead |
| 2025-07-11 | 88.80 | 101.28 | -0.37 | near the usual relationship |
| 2025-07-10 | 89.44 | 101.39 | -0.32 | near the usual relationship |
| 2025-07-09 | 87.37 | 100.22 | -0.44 | near the usual relationship |
| 2025-07-08 | 87.16 | 99.81 | -0.43 | near the usual relationship |
| 2025-07-07 | 85.90 | 99.51 | -0.54 | WAT ahead |
| 2025-07-03 | 87.43 | 100.51 | -0.47 | near the usual relationship |
| 2025-07-02 | 86.91 | 101.00 | -0.58 | WAT ahead |
| 2025-07-01 | 86.76 | 102.47 | -0.73 | WAT ahead |
| 2025-06-30 | 85.00 | 100.17 | -0.72 | WAT ahead |
| 2025-06-27 | 85.84 | 101.14 | -0.72 | WAT ahead |
| 2025-06-26 | 86.02 | 101.85 | -0.77 | WAT ahead |
| 2025-06-25 | 85.44 | 100.45 | -0.72 | WAT ahead |
| 2025-06-24 | 84.74 | 99.53 | -0.71 | WAT ahead |
| 2025-06-23 | 83.65 | 98.39 | -0.73 | WAT ahead |
| 2025-06-20 | 83.24 | 98.33 | -0.78 | WAT ahead |
| 2025-06-18 | 83.21 | 97.39 | -0.70 | WAT ahead |
| 2025-06-17 | 83.62 | 97.89 | -0.71 | WAT ahead |
| 2025-06-16 | 85.73 | 99.82 | -0.67 | WAT ahead |
| 2025-06-13 | 84.33 | 98.24 | -0.68 | WAT ahead |
| 2025-06-12 | 85.65 | 100.32 | -0.73 | WAT ahead |
| 2025-06-11 | 86.23 | 99.31 | -0.60 | WAT ahead |
| 2025-06-10 | 86.81 | 100.40 | -0.64 | WAT ahead |
| 2025-06-09 | 84.09 | 99.97 | -0.88 | WAT ahead |
| 2025-06-06 | 83.41 | 100.78 | -1.02 | WAT ahead |
| 2025-06-05 | 82.07 | 99.39 | -1.05 | WAT ahead |
| 2025-06-04 | 82.79 | 101.35 | -1.15 | WAT ahead |
| 2025-06-03 | 81.22 | 100.27 | -1.23 | WAT ahead |
| 2025-06-02 | 79.99 | 98.63 | -1.23 | WAT ahead |
| 2025-05-30 | 80.62 | 100.23 | -1.31 | WAT ahead |
| 2025-05-29 | 81.60 | 101.97 | -1.36 | WAT ahead |
| 2025-05-28 | 79.87 | 101.76 | -1.54 | WAT ahead |
| 2025-05-27 | 80.14 | 102.84 | -1.61 | WAT ahead |
| 2025-05-23 | 78.17 | 99.40 | -1.55 | WAT ahead |
| 2025-05-22 | 79.00 | 100.00 | -1.52 | WAT ahead |
| 2025-05-21 | 78.45 | 99.69 | -1.57 | WAT ahead |
| 2025-05-20 | 81.74 | 103.92 | -1.59 | WAT ahead |
| 2025-05-19 | 81.71 | 102.89 | -1.52 | WAT ahead |
| 2025-05-16 | 81.95 | 103.17 | -1.53 | WAT ahead |
| 2025-05-15 | 80.96 | 100.90 | -1.46 | WAT ahead |
| 2025-05-14 | 80.33 | 99.12 | -1.39 | WAT ahead |
| 2025-05-13 | 83.14 | 103.03 | -1.44 | WAT ahead |
| 2025-05-12 | 83.23 | 105.23 | -1.62 | WAT ahead |
| 2025-05-09 | 77.02 | 98.74 | -1.76 | WAT ahead |
| 2025-05-08 | 78.30 | 100.70 | -1.81 | WAT ahead |
| 2025-05-07 | 77.45 | 99.14 | -1.78 | WAT ahead |
| 2025-05-06 | 75.80 | 97.29 | -1.83 | WAT ahead |
| 2025-05-05 | 78.06 | 99.98 | -1.83 | WAT ahead |
| 2025-05-02 | 78.25 | 100.57 | -1.88 | WAT ahead |
| 2025-05-01 | 76.68 | 98.10 | -1.85 | WAT ahead |
| 2025-04-30 | 77.50 | 99.79 | -1.93 | WAT ahead |
| 2025-04-29 | 77.40 | 97.81 | -1.78 | WAT ahead |
| 2025-04-28 | 76.98 | 97.54 | -1.83 | WAT ahead |
| 2025-04-25 | 76.55 | 96.97 | -1.84 | WAT ahead |
| 2025-04-24 | 77.09 | 97.78 | -1.87 | WAT ahead |
| 2025-04-23 | 75.63 | 96.10 | -1.91 | WAT ahead |
| 2025-04-22 | 74.05 | 94.91 | -2.01 | WAT ahead |
| 2025-04-21 | 72.22 | 90.75 | -1.85 | WAT ahead |
| 2025-04-17 | 73.82 | 92.13 | -1.81 | WAT ahead |
| 2025-04-16 | 73.98 | 92.15 | -1.81 | WAT ahead |
| 2025-04-15 | 74.28 | 92.82 | -1.86 | WAT ahead |
| 2025-04-14 | 75.77 | 95.79 | -1.99 | WAT ahead |
| 2025-04-11 | 73.98 | 93.33 | -1.99 | WAT ahead |
| 2025-04-10 | 71.99 | 90.30 | -1.96 | WAT ahead |
| 2025-04-09 | 77.11 | 96.58 | -1.97 | WAT ahead |
| 2025-04-08 | 71.52 | 88.31 | -1.86 | WAT ahead |
| 2025-04-07 | 74.62 | 93.50 | -2.02 | WAT ahead |
| 2025-04-04 | 74.19 | 93.25 | -2.08 | WAT ahead |
| 2025-04-03 | 79.00 | 99.04 | -2.08 | WAT ahead |
| 2025-04-02 | 83.55 | 104.07 | -2.04 | WAT ahead |
| 2025-04-01 | 82.15 | 102.17 | -2.05 | WAT ahead |
| 2025-03-31 | 84.26 | 105.77 | -2.17 | WAT ahead |
| 2025-03-28 | 84.05 | 103.93 | -2.05 | WAT ahead |
| 2025-03-27 | 85.69 | 106.35 | -2.11 | WAT ahead |
| 2025-03-26 | 86.36 | 105.55 | -1.98 | WAT ahead |
| 2025-03-25 | 86.80 | 105.76 | -1.97 | WAT ahead |
| 2025-03-24 | 87.86 | 107.13 | -2.01 | WAT ahead |
| 2025-03-21 | 86.98 | 104.88 | -1.91 | WAT ahead |
| 2025-03-20 | 86.64 | 104.24 | -1.91 | WAT ahead |
| 2025-03-19 | 88.03 | 106.57 | -2.00 | WAT ahead |
| 2025-03-18 | 88.67 | 109.67 | -2.26 | WAT ahead |
| 2025-03-17 | 88.23 | 108.74 | -2.25 | WAT ahead |
| 2025-03-14 | 87.29 | 108.24 | -2.36 | WAT ahead |
| 2025-03-13 | 84.51 | 104.59 | -2.37 | WAT ahead |
| 2025-03-12 | 86.33 | 107.08 | -2.43 | WAT ahead |
| 2025-03-11 | 87.18 | 108.72 | -2.54 | WAT ahead |
| 2025-03-10 | 87.81 | 112.01 | -2.85 | WAT ahead |
| 2025-03-07 | 91.26 | 112.78 | -2.53 | WAT ahead |
| 2025-03-06 | 91.15 | 110.87 | -2.38 | WAT ahead |
| 2025-03-05 | 91.13 | 108.74 | -2.19 | WAT ahead |
| 2025-03-04 | 88.64 | 105.62 | -2.20 | WAT ahead |
| 2025-03-03 | 91.00 | 106.70 | -2.03 | WAT ahead |
| 2025-02-28 | 92.14 | 108.29 | -2.09 | WAT ahead |
| 2025-02-27 | 91.54 | 107.06 | -2.05 | WAT ahead |
| 2025-02-26 | 96.86 | 110.48 | -1.77 | WAT ahead |
| 2025-02-25 | 96.65 | 109.29 | -1.67 | WAT ahead |
| 2025-02-24 | 97.44 | 108.84 | -1.54 | WAT ahead |
| 2025-02-21 | 97.51 | 107.57 | -1.40 | WAT ahead |
| 2025-02-20 | 98.53 | 109.29 | -1.48 | WAT ahead |
| 2025-02-19 | 98.79 | 108.47 | -1.36 | WAT ahead |
| 2025-02-18 | 97.39 | 107.99 | -1.50 | WAT ahead |
| 2025-02-14 | 97.00 | 106.11 | -1.34 | WAT ahead |
| 2025-02-13 | 98.29 | 108.80 | -1.50 | WAT ahead |
| 2025-02-12 | 99.46 | 109.60 | -1.46 | WAT ahead |
| 2025-02-11 | 102.10 | 116.31 | -1.90 | WAT ahead |
| 2025-02-10 | 103.50 | 116.97 | -1.82 | WAT ahead |
| 2025-02-07 | 104.60 | 117.52 | -1.76 | WAT ahead |
| 2025-02-06 | 106.35 | 117.94 | -1.61 | WAT ahead |
| 2025-02-05 | 106.60 | 118.84 | -1.69 | WAT ahead |
| 2025-02-04 | 105.91 | 117.78 | -1.67 | WAT ahead |
| 2025-02-03 | 107.06 | 118.01 | -1.57 | WAT ahead |
| 2025-01-31 | 109.14 | 119.24 | -1.47 | WAT ahead |
| 2025-01-30 | 109.04 | 119.75 | -1.55 | WAT ahead |
| 2025-01-29 | 105.95 | 115.99 | -1.52 | WAT ahead |
| 2025-01-28 | 108.29 | 118.66 | -1.55 | WAT ahead |
| 2025-01-27 | 108.74 | 118.94 | -1.54 | WAT ahead |
| 2025-01-24 | 109.08 | 118.04 | -1.40 | WAT ahead |
| 2025-01-23 | 109.81 | 118.47 | -1.38 | WAT ahead |
| 2025-01-22 | 109.92 | 117.19 | -1.22 | WAT ahead |
| 2025-01-21 | 109.90 | 118.76 | -1.42 | WAT ahead |
| 2025-01-17 | 106.14 | 115.94 | -1.58 | WAT ahead |
| 2025-01-16 | 104.24 | 116.35 | -1.90 | WAT ahead |
| 2025-01-15 | 102.45 | 114.13 | -1.90 | WAT ahead |
| 2025-01-14 | 103.31 | 116.21 | -2.06 | WAT ahead |
| 2025-01-13 | 102.25 | 114.76 | -2.05 | WAT ahead |
| 2025-01-10 | 99.02 | 109.15 | -1.82 | WAT ahead |
| 2025-01-08 | 98.68 | 107.39 | -1.65 | WAT ahead |
| 2025-01-07 | 98.98 | 108.20 | -1.74 | WAT ahead |
| 2025-01-06 | 98.27 | 108.22 | -1.86 | WAT ahead |
| 2025-01-03 | 97.74 | 106.69 | -1.75 | WAT ahead |
| 2025-01-02 | 96.11 | 105.69 | -1.88 | WAT ahead |
| 2024-12-31 | 96.77 | 106.47 | -1.91 | WAT ahead |
| 2024-12-30 | 96.82 | 106.45 | -1.92 | WAT ahead |
| 2024-12-27 | 97.63 | 107.50 | -1.97 | WAT ahead |
| 2024-12-26 | 97.84 | 108.13 | -2.05 | WAT ahead |
| 2024-12-24 | 98.03 | 107.09 | -1.90 | WAT ahead |
| 2024-12-23 | 96.95 | 106.12 | -1.95 | WAT ahead |
| 2024-12-20 | 96.89 | 105.66 | -1.91 | WAT ahead |
| 2024-12-19 | 95.94 | 103.50 | -1.77 | WAT ahead |
| 2024-12-18 | 95.81 | 103.44 | -1.80 | WAT ahead |
| 2024-12-17 | 98.29 | 107.25 | -1.99 | WAT ahead |
| 2024-12-16 | 99.16 | 107.34 | -1.88 | WAT ahead |
| 2024-12-13 | 100.12 | 108.56 | -1.93 | WAT ahead |
| 2024-12-12 | 101.50 | 109.92 | -1.94 | WAT ahead |
| 2024-12-11 | 101.70 | 110.57 | -2.02 | WAT ahead |
| 2024-12-10 | 102.23 | 112.02 | -2.18 | WAT ahead |
| 2024-12-09 | 103.72 | 112.50 | -2.04 | WAT ahead |
| 2024-12-06 | 101.26 | 110.22 | -2.12 | WAT ahead |
| 2024-12-05 | 99.31 | 109.44 | -2.36 | WAT ahead |
| 2024-12-04 | 100.99 | 112.31 | -2.55 | WAT ahead |
| 2024-12-03 | 100.32 | 111.06 | -2.52 | WAT ahead |
| 2024-12-02 | 100.54 | 111.09 | -2.52 | WAT ahead |
| 2024-11-29 | 99.38 | 110.41 | -2.65 | WAT ahead |
| 2024-11-27 | 99.50 | 110.94 | -2.76 | WAT ahead |
| 2024-11-26 | 96.79 | 111.39 | -3.40 | WAT ahead |
| 2024-11-25 | 96.87 | 108.53 | -2.98 | WAT ahead |
| 2024-11-22 | 96.41 | 107.18 | -2.89 | WAT ahead |
| 2024-11-21 | 95.12 | 105.75 | -2.95 | WAT ahead |
| 2024-11-20 | 92.61 | 102.67 | -2.96 | WAT ahead |
| 2024-11-19 | 90.54 | 98.93 | -2.74 | WAT ahead |
| 2024-11-18 | 91.42 | 102.01 | -3.22 | WAT ahead |
| 2024-11-15 | 91.53 | 102.87 | -3.45 | WAT ahead |
| 2024-11-14 | 93.80 | 108.11 | -4.10 | WAT ahead |
| 2024-11-13 | 96.72 | 110.67 | -4.09 | WAT ahead |
| 2024-11-12 | 96.28 | 110.72 | -4.37 | WAT ahead |
| 2024-11-11 | 96.42 | 109.27 | -4.20 | WAT ahead |
| 2024-11-08 | 98.45 | 110.35 | -4.10 | WAT ahead |
| 2024-11-07 | 100.58 | 110.81 | -3.82 | WAT ahead |
| 2024-11-06 | 99.24 | 110.97 | -4.35 | WAT ahead |
| 2024-11-05 | 101.14 | 111.11 | -4.04 | WAT ahead |
| 2024-11-04 | 100.59 | 111.16 | -4.37 | WAT ahead |
| 2024-11-01 | 98.59 | 111.12 | -5.17 | WAT ahead |
| 2024-10-31 | 93.86 | 92.73 | -1.46 | WAT ahead |
| 2024-10-30 | 94.71 | 93.73 | -1.52 | WAT ahead |
| 2024-10-29 | 94.53 | 93.18 | -1.42 | WAT ahead |
| 2024-10-28 | 94.75 | 93.42 | -1.44 | WAT ahead |
| 2024-10-25 | 93.78 | 93.14 | -1.67 | WAT ahead |
| 2024-10-24 | 94.14 | 93.93 | -1.82 | WAT ahead |
| 2024-10-23 | 95.82 | 95.65 | -1.85 | WAT ahead |
| 2024-10-22 | 96.13 | 97.41 | -2.32 | WAT ahead |
| 2024-10-21 | 98.51 | 99.15 | -2.16 | WAT ahead |
| 2024-10-18 | 100.00 | 100.00 | -1.99 | WAT ahead |
One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Nov 1, 2024 (A +5.0%, WAT +19.8%); Jul 14, 2025 (A -2.6%, WAT -13.8%); Feb 9, 2026 (A -1.6%, WAT -13.9%); May 5, 2026 (A +4.8%, WAT +13.5%); May 28, 2026 (A +16.9%, WAT +7.2%). Upcoming earnings: WAT Nov 3, 2026 (pre-market).
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)
1 simulated trade to Oct 20, 2026: -4.91% per trade on average after costs, 0 won.
| Legs | Entered | Exited | Why | Days | Before costs | Costs + borrow | After costs |
|---|---|---|---|---|---|---|---|
| Long A · Short WAT | Aug 29, 2023 | Sep 20, 2023 | divergence stop | 22 | -$449.35 | -$45.84 | -$491.39 (-4.91%) |
Per $10,000 a leg. A replay on today's companies cannot prove an edge.
The companies
A and WAT 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
WAT Waters Corporation
- Listing
- NYSE · SEC CIK 1000697
- Industry
- Biotechnology: Laboratory Analytical Instruments · SIC 3826 Laboratory Analytical Instruments
- Market value
- $42.7B
- 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 →Other rivals of A and WAT
| Pair | Status | Ahead now | Industry |
|---|---|---|---|
| WAT / ILMN | Watchlist | ILMN by 1.64 sd | SIC 3826 Laboratory Analytical Instruments |
| A / ILMN | Watchlist | ILMN by 1.41 sd | SIC 3826 Laboratory Analytical Instruments |
| A / MTD | Watchlist | neither | Biotechnology: Laboratory Analytical Instruments |
| WAT / MTD | Watchlist | neither | Biotechnology: Laboratory Analytical Instruments |
Follow the research behind the paper book
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Explore the private betaPaper 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.
