Computer Manufacturing

Apple Inc. vs International Business Machines Corporation

WatchlistAAPL / IBMPrices through Oct 22, 2026

Why these are rivals: #1 and #3 by market value ($5005B vs $223B) in Nasdaq's "Computer Manufacturing" industry; SEC SIC 3571 / 3570 (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.

  • Co-movement: daily return correlation, 252 sessions: 0.16 (needs >= 0.60)
  • Mean reversion: ADF t-statistic of the spread: -1.54 (needs <= -2.873 (5% critical value))
Business leadership

AAPL is the larger business

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

YearAAPLIBMLarger
2025$416.2B$67.5BAAPL
2024$391.0B$62.8BAAPL
2023$383.3B$61.9BAAPL
2022$394.3B$60.5BAAPL
2021$365.8B$57.4BAAPL
2020$274.5B$55.2BAAPL

AAPL led in every year with figures for both. Market value: AAPL $5.00T, IBM $222.7B.

Stock leadership

AAPL is ahead now

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

AAPL leads IBM by 1.14 standard deviations: +24.6% over its usual price ratio. 0 lead switches in the last year.

Price change3 mo6 mo12 mo
AAPL+4.6%+27.4%+32.5%
IBM+17.7%+9.1%-10.6%
Relationship

Not a measured twin today

Only these tests can make a pair tradable on paper.

Pass
Aligned sessions: 2521 (needs >= 254)
Fail
Co-movement: daily return correlation, 252 sessions: 0.16 (needs >= 0.60)
Fail
Mean reversion: ADF t-statistic of the spread: -1.54 (needs <= -2.873 (5% critical value))
Pass
Speed: half-life of the spread, sessions: 48.08 (needs <= 63)
Data
Both stocks current
The twins over two years

Prices side by side, and the gap between them

AAPL Apple Inc. IBM International Business Machines CorporationPrice index, 100 = 2024-10-18. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
100150Oct 2024Oct 2025Oct 2026AAPL 148IBM 109
Spread z-score: AAPL relative to IBM, against the 252 sessions before each day. Above 0: AAPL ahead; below 0: IBM ahead. Lines at +/-2 (idea) and +/-4 (stop).
-4stop-2idea0+2idea+4stopOct 2024Oct 2025Oct 2026
Data table (504 sessions)
DateAAPL indexIBM indexzAhead
2026-10-22148.18108.57+1.14AAPL ahead
2026-10-21146.38108.29+1.10AAPL ahead
2026-10-20144.47104.19+1.25AAPL ahead
2026-10-19145.93101.80+1.43AAPL ahead
2026-10-16146.1599.97+1.55AAPL ahead
2026-10-15145.53100.83+1.50AAPL ahead
2026-10-14145.9498.14+1.67AAPL ahead
2026-10-13145.2299.39+1.59AAPL ahead
2026-10-12145.0997.77+1.69AAPL ahead
2026-10-09143.2597.82+1.63AAPL ahead
2026-10-08144.8697.59+1.72AAPL ahead
2026-10-07143.2694.97+1.83AAPL ahead
2026-10-06141.9795.30+1.78AAPL ahead
2026-10-05141.6695.43+1.78AAPL ahead
2026-10-02142.0095.88+1.78AAPL ahead
2026-10-01140.5697.17+1.67AAPL ahead
2026-09-30141.7194.72+1.88AAPL ahead
2026-09-29140.1794.74+1.84AAPL ahead
2026-09-28144.0095.03+1.99AAPL ahead
2026-09-25145.1497.12+1.94AAPL ahead
2026-09-24142.9497.79+1.83AAPL ahead
2026-09-23143.41100.24+1.73AAPL ahead
2026-09-22144.5799.65+1.83AAPL ahead
2026-09-21144.2599.88+1.82AAPL ahead
2026-09-18143.0398.86+1.86AAPL ahead
2026-09-17143.40102.39+1.69AAPL ahead
2026-09-16141.45102.28+1.63AAPL ahead
2026-09-15141.00106.96+1.37AAPL ahead
2026-09-14141.74107.27+1.39AAPL ahead
2026-09-11141.39104.78+1.53AAPL ahead
2026-09-10138.97100.78+1.67AAPL ahead
2026-09-09134.19103.33+1.33AAPL ahead
2026-09-08134.5699.95+1.56AAPL ahead
2026-09-04136.16101.16+1.57AAPL ahead
2026-09-03139.66101.08+1.74AAPL ahead
2026-09-02138.2899.78+1.78AAPL ahead
2026-09-01138.3599.66+1.81AAPL ahead
2026-08-31134.83100.72+1.61AAPL ahead
2026-08-28136.04101.46+1.64AAPL ahead
2026-08-27133.86102.84+1.47AAPL ahead
2026-08-26133.3899.00+1.70AAPL ahead
2026-08-25131.87100.86+1.53AAPL ahead
2026-08-24132.0699.50+1.64AAPL ahead
2026-08-21131.64101.50+1.51AAPL ahead
2026-08-20132.47100.64+1.61AAPL ahead
2026-08-19134.82102.14+1.65AAPL ahead
2026-08-18131.93100.20+1.65AAPL ahead
2026-08-17130.0498.56+1.68AAPL ahead
2026-08-14130.18100.91+1.55AAPL ahead
2026-08-13129.90102.13+1.47AAPL ahead
2026-08-12128.62101.63+1.46AAPL ahead
2026-08-11129.75102.68+1.46AAPL ahead
2026-08-10131.17101.77+1.60AAPL ahead
2026-08-07133.33102.19+1.70AAPL ahead
2026-08-06132.94100.53+1.80AAPL ahead
2026-08-05132.34101.60+1.72AAPL ahead
2026-08-04131.65101.27+1.72AAPL ahead
2026-08-03129.1197.46+1.86AAPL ahead
2026-07-31131.4596.32+2.08AAPL ahead
2026-07-30141.8995.50+2.67AAPL ahead
2026-07-29143.9197.52+2.67AAPL ahead
2026-07-28144.7198.00+2.72AAPL ahead
2026-07-27143.3793.14+3.06AAPL ahead
2026-07-24141.7192.24+3.11AAPL ahead
2026-07-23136.8889.00+3.18AAPL ahead
2026-07-22138.6888.62+3.37AAPL ahead
2026-07-21139.4690.65+3.31AAPL ahead
2026-07-20138.9791.73+3.26AAPL ahead
2026-07-17142.0291.59+3.51AAPL ahead
2026-07-16141.8194.34+3.34AAPL ahead
2026-07-15139.3690.96+3.56AAPL ahead
2026-07-14133.9893.48+3.11AAPL ahead
2026-07-13135.03124.99+0.93AAPL ahead
2026-07-10134.18123.84+0.96AAPL ahead
2026-07-09134.56127.17+0.79AAPL ahead
2026-07-08133.36130.08+0.55AAPL ahead
2026-07-07132.20131.84+0.39near the usual relationship
2026-07-06133.05128.99+0.61AAPL ahead
2026-07-02131.33124.69+0.77AAPL ahead
2026-07-01125.27123.28+0.51AAPL ahead
2026-06-30123.13121.11+0.52AAPL ahead
2026-06-29119.89119.72+0.42near the usual relationship
2026-06-26120.76116.98+0.64AAPL ahead
2026-06-25117.09111.23+0.78AAPL ahead
2026-06-24124.71113.25+1.10AAPL ahead
2026-06-23125.23114.10+1.09AAPL ahead
2026-06-22126.39108.62+1.49AAPL ahead
2026-06-18126.81107.28+1.61AAPL ahead
2026-06-17125.94112.98+1.22AAPL ahead
2026-06-16127.34116.63+1.08AAPL ahead
2026-06-15126.14115.72+1.08AAPL ahead
2026-06-12123.89117.24+0.88AAPL ahead
2026-06-11125.80118.37+0.92AAPL ahead
2026-06-10124.08117.30+0.90AAPL ahead
2026-06-09123.64119.50+0.76AAPL ahead
2026-06-08128.31120.94+0.93AAPL ahead
2026-06-05130.78122.67+0.97AAPL ahead
2026-06-04132.44129.96+0.68AAPL ahead
2026-06-03132.03131.62+0.58AAPL ahead
2026-06-02134.13141.79+0.20near the usual relationship
2026-06-01130.34137.99+0.20near the usual relationship
2026-05-29132.79128.25+0.80AAPL ahead
2026-05-28132.98113.79+1.60AAPL ahead
2026-05-27132.28109.91+1.81AAPL ahead
2026-05-26131.20107.96+1.90AAPL ahead
2026-05-22131.41109.32+1.84AAPL ahead
2026-05-21129.78108.94+1.80AAPL ahead
2026-05-20128.6296.90+2.56AAPL ahead
2026-05-19127.2295.75+2.61AAPL ahead
2026-05-18126.7495.93+2.62AAPL ahead
2026-05-15127.7694.44+2.83AAPL ahead
2026-05-14126.9094.04+2.87AAPL ahead
2026-05-13127.1892.44+3.08AAPL ahead
2026-05-12125.4594.41+2.88AAPL ahead
2026-05-11124.5496.27+2.74AAPL ahead
2026-05-08124.8298.95+2.59AAPL ahead
2026-05-07122.3199.62+2.43AAPL ahead
2026-05-06122.3497.22+2.66AAPL ahead
2026-05-05120.9398.63+2.50AAPL ahead
2026-05-04117.8098.83+2.32AAPL ahead
2026-05-01119.21100.00+2.36AAPL ahead
2026-04-30115.4799.47+2.18AAPL ahead
2026-04-29114.9797.80+2.31AAPL ahead
2026-04-28115.20100.36+2.15AAPL ahead
2026-04-27113.8898.21+2.26AAPL ahead
2026-04-24115.3499.91+2.26AAPL ahead
2026-04-23116.3599.52+2.40AAPL ahead
2026-04-22116.24108.47+1.69AAPL ahead
2026-04-21113.26110.11+1.36AAPL ahead
2026-04-20116.19109.26+1.65AAPL ahead
2026-04-17114.99109.16+1.59AAPL ahead
2026-04-16112.09108.10+1.47AAPL ahead
2026-04-15113.37105.43+1.80AAPL ahead
2026-04-14110.14103.48+1.73AAPL ahead
2026-04-13110.30102.42+1.85AAPL ahead
2026-04-10110.8499.38+2.18AAPL ahead
2026-04-09110.85102.14+1.96AAPL ahead
2026-04-08110.17104.11+1.76AAPL ahead
2026-04-07107.87105.54+1.47AAPL ahead
2026-04-06110.15106.26+1.61AAPL ahead
2026-04-02108.90106.87+1.46AAPL ahead
2026-04-01108.78104.71+1.65AAPL ahead
2026-03-31108.00104.39+1.63AAPL ahead
2026-03-30104.95102.17+1.58AAPL ahead
2026-03-27105.87101.78+1.71AAPL ahead
2026-03-26107.61104.08+1.67AAPL ahead
2026-03-25107.50103.96+1.68AAPL ahead
2026-03-24107.08103.61+1.69AAPL ahead
2026-03-23107.02106.99+1.40AAPL ahead
2026-03-20105.53104.12+1.54AAPL ahead
2026-03-19105.94107.83+1.25AAPL ahead
2026-03-18106.36108.35+1.25AAPL ahead
2026-03-17108.18110.30+1.26AAPL ahead
2026-03-16107.58107.34+1.47AAPL ahead
2026-03-13106.43106.06+1.50AAPL ahead
2026-03-12108.83106.67+1.67AAPL ahead
2026-03-11110.98107.18+1.83AAPL ahead
2026-03-10110.99107.75+1.80AAPL ahead
2026-03-09110.59109.10+1.65AAPL ahead
2026-03-06109.56111.48+1.35AAPL ahead
2026-03-05110.76110.49+1.56AAPL ahead
2026-03-04111.71107.69+1.91AAPL ahead
2026-03-03112.23105.63+2.16AAPL ahead
2026-03-02112.65103.09+2.47AAPL ahead
2026-02-27112.42103.45+2.45AAPL ahead
2026-02-26116.15104.22+2.75AAPL ahead
2026-02-25116.69102.30+3.04AAPL ahead
2026-02-24115.8098.76+3.41AAPL ahead
2026-02-23113.2796.19+3.55AAPL ahead
2026-02-20112.59110.75+1.96AAPL ahead
2026-02-19110.89110.37+1.85AAPL ahead
2026-02-18112.49112.31+1.82AAPL ahead
2026-02-17112.29111.24+1.93AAPL ahead
2026-02-13108.84113.00+1.41AAPL ahead
2026-02-12111.37111.77+1.80AAPL ahead
2026-02-11117.23117.49+1.83AAPL ahead
2026-02-10116.46125.65+1.00AAPL ahead
2026-02-09116.86127.62+0.86AAPL ahead
2026-02-06118.35128.74+0.91AAPL ahead
2026-02-05117.41124.84+1.18AAPL ahead
2026-02-04117.66124.48+1.24AAPL ahead
2026-02-03114.67126.75+0.74AAPL ahead
2026-02-02114.90135.54+0.00near the usual relationship
2026-01-30110.42132.08-0.17near the usual relationship
2026-01-29109.91133.18-0.32near the usual relationship
2026-01-28109.12126.68+0.15near the usual relationship
2026-01-27109.90126.55+0.23near the usual relationship
2026-01-26108.69127.62+0.01near the usual relationship
2026-01-23105.55125.94-0.17near the usual relationship
2026-01-22105.68126.90-0.25near the usual relationship
2026-01-21105.38128.14-0.39near the usual relationship
2026-01-20104.98125.47-0.21near the usual relationship
2026-01-16108.74131.64-0.36near the usual relationship
2026-01-15109.88128.32+0.02near the usual relationship
2026-01-14110.62133.09-0.30near the usual relationship
2026-01-13111.09130.56-0.07near the usual relationship
2026-01-12110.74134.44-0.41near the usual relationship
2026-01-09110.37131.02-0.19near the usual relationship
2026-01-08110.23130.37-0.16near the usual relationship
2026-01-07110.78127.79+0.08near the usual relationship
2026-01-06111.64130.26-0.04near the usual relationship
2026-01-05113.73127.03+0.37near the usual relationship
2026-01-02115.32125.54+0.60AAPL ahead
2025-12-31115.69127.57+0.47near the usual relationship
2025-12-30116.20130.08+0.31near the usual relationship
2025-12-29116.49131.67+0.21near the usual relationship
2025-12-26116.34131.39+0.21near the usual relationship
2025-12-24116.51131.16+0.22near the usual relationship
2025-12-23115.90130.83+0.19near the usual relationship
2025-12-22115.31130.40+0.16near the usual relationship
2025-12-19116.46129.62+0.29near the usual relationship
2025-12-18115.83129.39+0.25near the usual relationship
2025-12-17115.68130.63+0.15near the usual relationship
2025-12-16116.86130.57+0.24near the usual relationship
2025-12-15116.64132.93+0.06near the usual relationship
2025-12-12118.42133.18+0.17near the usual relationship
2025-12-11118.31133.82+0.11near the usual relationship
2025-12-10118.63134.66+0.08near the usual relationship
2025-12-09117.95133.71+0.08near the usual relationship
2025-12-08118.25133.15+0.14near the usual relationship
2025-12-05118.63132.62+0.19near the usual relationship
2025-12-04119.45132.64+0.24near the usual relationship
2025-12-03120.91130.33+0.48near the usual relationship
2025-12-02121.78129.97+0.56AAPL ahead
2025-12-01120.47131.64+0.36near the usual relationship
2025-11-28118.66132.89+0.15near the usual relationship
2025-11-26118.11130.58+0.25near the usual relationship
2025-11-25117.86131.13+0.20near the usual relationship
2025-11-24117.41130.97+0.17near the usual relationship
2025-11-21115.53128.10+0.21near the usual relationship
2025-11-20113.30125.06+0.24near the usual relationship
2025-11-19114.28124.26+0.36near the usual relationship
2025-11-18113.80124.87+0.28near the usual relationship
2025-11-17113.81127.98+0.08near the usual relationship
2025-11-14115.92131.65-0.01near the usual relationship
2025-11-13116.15131.29+0.02near the usual relationship
2025-11-12116.37135.65-0.22near the usual relationship
2025-11-11117.13135.11-0.15near the usual relationship
2025-11-10114.65133.13-0.20near the usual relationship
2025-11-07114.24131.95-0.17near the usual relationship
2025-11-06114.80134.55-0.29near the usual relationship
2025-11-05114.95132.11-0.14near the usual relationship
2025-11-04114.91129.57+0.00near the usual relationship
2025-11-03114.49131.24-0.13near the usual relationship
2025-10-31115.05132.39-0.17near the usual relationship
2025-10-30115.49133.53-0.21near the usual relationship
2025-10-29114.77132.73-0.22near the usual relationship
2025-10-28114.47134.61-0.35near the usual relationship
2025-10-27114.39134.84-0.37near the usual relationship
2025-10-24111.84132.41-0.41near the usual relationship
2025-10-23110.46122.74+0.06near the usual relationship
2025-10-22109.98123.82-0.04near the usual relationship
2025-10-21111.82121.47+0.23near the usual relationship
2025-10-20111.59122.16+0.17near the usual relationship
2025-10-17107.36121.14-0.06near the usual relationship
2025-10-16105.30118.85-0.07near the usual relationship
2025-10-15106.10120.91-0.14near the usual relationship
2025-10-14105.43118.93-0.07near the usual relationship
2025-10-13105.39119.39-0.10near the usual relationship
2025-10-10104.37119.65-0.19near the usual relationship
2025-10-09108.10124.13-0.21near the usual relationship
2025-10-08109.81124.66-0.13near the usual relationship
2025-10-07109.14126.56-0.29near the usual relationship
2025-10-06109.23124.64-0.17near the usual relationship
2025-10-03109.80124.19-0.11near the usual relationship
2025-10-02109.42123.48-0.10near the usual relationship
2025-10-01108.70123.38-0.15near the usual relationship
2025-09-30108.35121.52-0.06near the usual relationship
2025-09-29108.27120.50-0.01near the usual relationship
2025-09-26108.71122.44-0.10near the usual relationship
2025-09-25109.31121.21+0.01near the usual relationship
2025-09-24107.37115.22+0.25near the usual relationship
2025-09-23108.27117.24+0.18near the usual relationship
2025-09-22108.97116.87+0.24near the usual relationship
2025-09-19104.47114.73+0.07near the usual relationship
2025-09-18101.23114.13-0.12near the usual relationship
2025-09-17101.70111.58+0.07near the usual relationship
2025-09-16101.34110.90+0.08near the usual relationship
2025-09-15100.72110.35+0.07near the usual relationship
2025-09-1299.60109.15+0.07near the usual relationship
2025-09-1197.89110.68-0.16near the usual relationship
2025-09-1096.51110.63-0.27near the usual relationship
2025-09-0999.72111.59-0.10near the usual relationship
2025-09-08101.23110.29+0.08near the usual relationship
2025-09-05102.00107.03+0.34near the usual relationship
2025-09-04102.03106.45+0.38near the usual relationship
2025-09-03101.48105.12+0.42near the usual relationship
2025-09-0297.75104.01+0.23near the usual relationship
2025-08-2998.78104.86+0.24near the usual relationship
2025-08-2898.96105.83+0.18near the usual relationship
2025-08-2798.08105.44+0.14near the usual relationship
2025-08-2697.58104.49+0.16near the usual relationship
2025-08-2596.66103.11+0.18near the usual relationship
2025-08-2296.92104.26+0.12near the usual relationship
2025-08-2195.70103.10+0.10near the usual relationship
2025-08-2096.17104.46+0.04near the usual relationship
2025-08-1998.11103.91+0.20near the usual relationship
2025-08-1898.25103.12+0.26near the usual relationship
2025-08-1598.55103.24+0.26near the usual relationship
2025-08-1499.06102.11+0.37near the usual relationship
2025-08-1399.29103.39+0.29near the usual relationship
2025-08-1297.72101.11+0.33near the usual relationship
2025-08-1196.67101.77+0.21near the usual relationship
2025-08-0897.60104.34+0.11near the usual relationship
2025-08-0793.63107.73-0.38near the usual relationship
2025-08-0690.74108.65-0.64IBM ahead
2025-08-0586.35107.95-0.93IBM ahead
2025-08-0486.53108.52-0.95IBM ahead
2025-08-0186.12107.69-0.94IBM ahead
2025-07-3188.33109.02-0.87IBM ahead
2025-07-3088.96112.08-1.01IBM ahead
2025-07-2989.90113.01-1.00IBM ahead
2025-07-2891.09113.35-0.94IBM ahead
2025-07-2591.01111.85-0.87IBM ahead
2025-07-2490.96112.19-0.90IBM ahead
2025-07-2391.13121.45-1.40IBM ahead
2025-07-2291.23121.43-1.40IBM ahead
2025-07-2190.42122.61-1.53IBM ahead
2025-07-1889.86123.11-1.61IBM ahead
2025-07-1789.37121.45-1.57IBM ahead
2025-07-1689.43121.41-1.57IBM ahead
2025-07-1588.98121.75-1.63IBM ahead
2025-07-1488.77122.22-1.68IBM ahead
2025-07-1189.86122.13-1.61IBM ahead
2025-07-1090.39123.79-1.67IBM ahead
2025-07-0989.85124.95-1.78IBM ahead
2025-07-0889.37125.07-1.84IBM ahead
2025-07-0789.34125.96-1.90IBM ahead
2025-07-0390.87125.74-1.80IBM ahead
2025-07-0290.40123.88-1.76IBM ahead
2025-07-0188.43125.41-1.99IBM ahead
2025-06-3087.31126.95-2.18IBM ahead
2025-06-2785.57124.76-2.22IBM ahead
2025-06-2685.53125.72-2.31IBM ahead
2025-06-2585.77125.35-2.30IBM ahead
2025-06-2485.23126.52-2.44IBM ahead
2025-06-2385.74124.54-2.32IBM ahead
2025-06-2085.53121.00-2.17IBM ahead
2025-06-1883.65121.97-2.40IBM ahead
2025-06-1783.25121.90-2.46IBM ahead
2025-06-1684.43121.37-2.37IBM ahead
2025-06-1383.60119.39-2.36IBM ahead
2025-06-1284.77121.03-2.39IBM ahead
2025-06-1184.59121.24-2.46IBM ahead
2025-06-1086.24118.97-2.22IBM ahead
2025-06-0985.72117.17-2.18IBM ahead
2025-06-0686.77115.79-2.04IBM ahead
2025-06-0585.37114.93-2.13IBM ahead
2025-06-0486.31114.35-2.04IBM ahead
2025-06-0386.50114.21-2.04IBM ahead
2025-06-0285.83113.65-2.09IBM ahead
2025-05-3085.47111.57-2.01IBM ahead
2025-05-2985.09111.41-2.06IBM ahead
2025-05-2885.29112.08-2.11IBM ahead
2025-05-2785.20113.36-2.23IBM ahead
2025-05-2383.09111.38-2.32IBM ahead
2025-05-2285.69111.27-2.11IBM ahead
2025-05-2186.00112.35-2.19IBM ahead
2025-05-2088.03114.97-2.22IBM ahead
2025-05-1988.84115.59-2.22IBM ahead
2025-05-1689.90114.88-2.10IBM ahead
2025-05-1589.98114.85-2.12IBM ahead
2025-05-1490.35111.03-1.84IBM ahead
2025-05-1390.61111.37-1.86IBM ahead
2025-05-1289.70109.25-1.81IBM ahead
2025-05-0984.48107.32-2.18IBM ahead
2025-05-0884.04109.45-2.42IBM ahead
2025-05-0783.51109.12-2.49IBM ahead
2025-05-0684.47107.29-2.28IBM ahead
2025-05-0584.63107.31-2.30IBM ahead
2025-05-0287.38105.75-1.92IBM ahead
2025-05-0190.77103.21-1.40IBM ahead
2025-04-3090.43104.14-1.52IBM ahead
2025-04-2989.88103.10-1.49IBM ahead
2025-04-2889.42101.71-1.42IBM ahead
2025-04-2589.06100.09-1.32IBM ahead
2025-04-2488.6798.76-1.24IBM ahead
2025-04-2387.06105.72-2.01IBM ahead
2025-04-2285.00103.75-2.07IBM ahead
2025-04-2182.20101.73-2.21IBM ahead
2025-04-1783.82102.85-2.16IBM ahead
2025-04-1682.67102.74-2.30IBM ahead
2025-04-1586.02103.66-2.04IBM ahead
2025-04-1486.18102.95-1.97IBM ahead
2025-04-1184.32101.41-2.05IBM ahead
2025-04-1081.0398.86-2.19IBM ahead
2025-04-0984.62101.34-2.03IBM ahead
2025-04-0873.3795.19-2.81IBM ahead
2025-04-0777.2297.24-2.55IBM ahead
2025-04-0480.1697.97-2.28IBM ahead
2025-04-0386.46104.86-2.22IBM ahead
2025-04-0295.27107.66-1.55IBM ahead
2025-04-0194.97107.81-1.59IBM ahead
2025-03-3194.52107.09-1.58IBM ahead
2025-03-2892.72105.08-1.58IBM ahead
2025-03-2795.26106.03-1.41IBM ahead
2025-03-2694.27107.81-1.67IBM ahead
2025-03-2595.21107.62-1.56IBM ahead
2025-03-2493.93107.00-1.64IBM ahead
2025-03-2192.88105.03-1.57IBM ahead
2025-03-2091.11104.79-1.74IBM ahead
2025-03-1991.59108.65-2.04IBM ahead
2025-03-1890.51106.35-1.96IBM ahead
2025-03-1791.06108.94-2.14IBM ahead
2025-03-1490.85106.96-1.98IBM ahead
2025-03-1389.23105.86-2.07IBM ahead
2025-03-1292.33107.51-1.89IBM ahead
2025-03-1193.97107.21-1.68IBM ahead
2025-03-1096.80110.64-1.70IBM ahead
2025-03-07101.73112.64-1.38IBM ahead
2025-03-06100.14107.10-1.04IBM ahead
2025-03-05100.31108.25-1.13IBM ahead
2025-03-04100.40109.05-1.20IBM ahead
2025-03-03101.29107.75-1.00IBM ahead
2025-02-28102.91108.72-0.93IBM ahead
2025-02-27100.98109.06-1.15IBM ahead
2025-02-26102.28110.18-1.13IBM ahead
2025-02-25105.12111.00-0.94IBM ahead
2025-02-24105.15112.78-1.10IBM ahead
2025-02-21104.49112.61-1.15IBM ahead
2025-02-20104.61114.01-1.26IBM ahead
2025-02-19104.20113.83-1.29IBM ahead
2025-02-18104.03113.29-1.27IBM ahead
2025-02-14104.09112.52-1.20IBM ahead
2025-02-13102.78111.62-1.25IBM ahead
2025-02-12100.80110.17-1.32IBM ahead
2025-02-1198.99109.69-1.47IBM ahead
2025-02-1096.87107.35-1.48IBM ahead
2025-02-0796.86108.67-1.62IBM ahead
2025-02-0699.24109.15-1.43IBM ahead
2025-02-0598.92113.39-1.86IBM ahead
2025-02-0499.06113.89-1.91IBM ahead
2025-02-0397.03112.29-2.00IBM ahead
2025-01-31100.43110.12-1.45IBM ahead
2025-01-30101.10111.23-1.49IBM ahead
2025-01-29101.8698.46-0.15near the usual relationship
2025-01-28101.3997.18-0.06near the usual relationship
2025-01-2797.8196.52-0.36near the usual relationship
2025-01-2494.8096.81-0.72IBM ahead
2025-01-2395.1797.35-0.75IBM ahead
2025-01-2295.2596.15-0.61IBM ahead
2025-01-2194.7496.58-0.72IBM ahead
2025-01-1797.8696.81-0.41near the usual relationship
2025-01-1697.1395.89-0.39near the usual relationship
2025-01-15101.2294.76+0.16near the usual relationship
2025-01-1499.2793.78+0.06near the usual relationship
2025-01-1399.7493.63+0.13near the usual relationship
2025-01-10100.7994.64+0.12near the usual relationship
2025-01-08103.2896.12+0.21near the usual relationship
2025-01-07103.0796.45+0.15near the usual relationship
2025-01-06104.2695.90+0.33near the usual relationship
2025-01-03103.5695.89+0.25near the usual relationship
2025-01-02103.7794.72+0.40near the usual relationship
2024-12-31106.5694.67+0.68AAPL ahead
2024-12-30107.3294.85+0.73AAPL ahead
2024-12-27108.7695.94+0.75AAPL ahead
2024-12-26110.2296.85+0.79AAPL ahead
2024-12-24109.8796.65+0.77AAPL ahead
2024-12-23108.6395.58+0.77AAPL ahead
2024-12-20108.2996.19+0.66AAPL ahead
2024-12-19106.2996.43+0.44near the usual relationship
2024-12-18105.5594.82+0.54AAPL ahead
2024-12-17107.8698.61+0.36near the usual relationship
2024-12-16106.8398.76+0.24near the usual relationship
2024-12-13105.5999.41+0.05near the usual relationship
2024-12-12105.51100.03-0.02near the usual relationship
2024-12-11104.8999.10+0.01near the usual relationship
2024-12-10105.4399.79-0.02near the usual relationship
2024-12-09105.0099.05+0.01near the usual relationship
2024-12-06103.34102.52-0.50IBM ahead
2024-12-05103.42101.10-0.35near the usual relationship
2024-12-04103.41100.56-0.31near the usual relationship
2024-12-03103.2698.62-0.13near the usual relationship
2024-12-02101.9597.93-0.19near the usual relationship
2024-11-29100.9997.94-0.29near the usual relationship
2024-11-2799.9797.73-0.38near the usual relationship
2024-11-26100.0398.55-0.46near the usual relationship
2024-11-2599.0997.39-0.44near the usual relationship
2024-11-2297.8296.02-0.43near the usual relationship
2024-11-2197.2495.78-0.47near the usual relationship
2024-11-2097.4592.42-0.11near the usual relationship
2024-11-1997.1490.55+0.05near the usual relationship
2024-11-1897.0389.62+0.13near the usual relationship
2024-11-1595.7488.28+0.14near the usual relationship
2024-11-1497.1190.00+0.09near the usual relationship
2024-11-1395.8090.84-0.13near the usual relationship
2024-11-1295.4290.81-0.17near the usual relationship
2024-11-1195.4291.98-0.30near the usual relationship
2024-11-0896.5892.04-0.20near the usual relationship
2024-11-0796.8092.03-0.18near the usual relationship
2024-11-0694.7791.99-0.38near the usual relationship
2024-11-0595.0989.39-0.08near the usual relationship
2024-11-0494.4788.85-0.09near the usual relationship
2024-11-0194.8689.69-0.14near the usual relationship
2024-10-3196.1389.03+0.05near the usual relationship
2024-10-3097.9188.24+0.30near the usual relationship
2024-10-2999.4390.62+0.19near the usual relationship
2024-10-2899.3291.69+0.07near the usual relationship
2024-10-2598.4792.45-0.09near the usual relationship
2024-10-2498.1194.05-0.29near the usual relationship
2024-10-2398.20100.24-0.88IBM ahead
2024-10-22100.37100.02-0.66IBM ahead
2024-10-21100.6399.81-0.62IBM ahead
2024-10-18100.00100.00-0.71IBM ahead

One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Jan 30, 2025 (AAPL -0.7%, IBM +13.0%); Feb 23, 2026 (AAPL +0.6%, IBM -13.2%); May 21, 2026 (AAPL +0.9%, IBM +12.4%); May 29, 2026 (AAPL -0.1%, IBM +12.7%); Jul 14, 2026 (AAPL -0.8%, IBM -25.2%). Upcoming earnings: AAPL Nov 2, 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)

No simulated trade through Oct 20, 2026: the pair rarely passed every test while 2 standard deviations apart.

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

The companies

AAPL and IBM at a glance

AAPL Apple Inc.

Listing
Nasdaq · SEC CIK 320193
Industry
Computer Manufacturing · SIC 3571 Electronic Computers
Market value
$5.00T
Price history
2,521 daily closes, Oct 12, 2016 to Oct 22, 2026

IBM International Business Machines Corporation

Listing
NYSE · SEC CIK 51143
Industry
Computer Manufacturing · SIC 3570 Computer & office Equipment
Market value
$222.7B
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 →
PairStatusAhead nowIndustry
IBM / HPQWatchlistHPQ by 1.57 sdSIC 3570 Computer & office Equipment
IBM / HPEWatchlistHPE by 1.11 sdSIC 3570 Computer & office Equipment
DELL / IBMWatchlistDELL by 1.01 sdComputer Manufacturing
AAPL / DELLWatchlistDELL by 0.91 sdComputer Manufacturing
AAPL / SMCIWatchlistAAPL by 0.91 sdSIC 3571 Electronic Computers

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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.