Packaged Foods

Archer-Daniels-Midland Company vs Mondelez International Inc.

WatchlistADM / MDLZPrices through Oct 22, 2026

Why these are rivals: #1 and #2 by market value ($81B vs $39B) in Nasdaq's "Packaged Foods" industry; SEC SIC 2000 / 2070 (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: 0.15 (needs >= 0.60)
  • Mean reversion: ADF t-statistic of the spread: -2.29 (needs <= -2.873 (5% critical value))
Business leadership

ADM is the larger business

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

YearADMMDLZLarger
2025$80.3B$38.5BADM
2024$85.5B$36.4BADM
2023$93.9B$36.0BADM
2022$101.6B$31.5BADM
2021$85.2B$28.7BADM
2020$64.4B$26.6BADM

ADM led in every year with figures for both. Market value: ADM $38.8B, MDLZ $80.8B.

Stock leadership

Neither is clearly ahead

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

The gap is 0.09 standard deviations, close to the usual relationship. 0 lead switches in the last year.

Price change3 mo6 mo12 mo
ADM-7.1%+14.0%+29.4%
MDLZ+7.7%+13.0%+5.6%
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: 0.15 (needs >= 0.60)
Fail
Mean reversion: ADF t-statistic of the spread: -2.29 (needs <= -2.873 (5% critical value))
Pass
Speed: half-life of the spread, sessions: 21.14 (needs <= 63)
Data
Both stocks current
The twins over two years

Prices side by side, and the gap between them

ADM Archer-Daniels-Midland Company MDLZ Mondelez 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).
100150Oct 2024Oct 2025Oct 2026ADM 142MDLZ 91
Spread z-score: ADM relative to MDLZ, against the 252 sessions before each day. Above 0: ADM ahead; below 0: MDLZ ahead. Lines at +/-2 (idea) and +/-4 (stop).
-4stop-2idea0+2idea+4stopOct 2024Oct 2025Oct 2026
Data table (504 sessions)
DateADM indexMDLZ indexzAhead
2026-10-22141.5691.07+0.09near the usual relationship
2026-10-21140.7187.65+0.43near the usual relationship
2026-10-20142.6689.40+0.38near the usual relationship
2026-10-19142.7588.49+0.50ADM ahead
2026-10-16146.4789.28+0.67ADM ahead
2026-10-15147.0488.06+0.86ADM ahead
2026-10-14148.3087.41+1.03ADM ahead
2026-10-13147.5285.92+1.15ADM ahead
2026-10-12142.5986.32+0.77ADM ahead
2026-10-09141.6584.40+0.94ADM ahead
2026-10-08146.1984.76+1.22ADM ahead
2026-10-07144.2282.96+1.30ADM ahead
2026-10-06145.7683.29+1.37ADM ahead
2026-10-05146.2281.71+1.60ADM ahead
2026-10-02142.6481.29+1.41ADM ahead
2026-10-01140.9980.69+1.38ADM ahead
2026-09-30140.7480.78+1.36ADM ahead
2026-09-29140.7882.87+1.12ADM ahead
2026-09-28142.5284.07+1.11ADM ahead
2026-09-25143.8384.17+1.19ADM ahead
2026-09-24145.1885.02+1.19ADM ahead
2026-09-23145.6685.83+1.14ADM ahead
2026-09-22145.9985.33+1.22ADM ahead
2026-09-21147.8484.06+1.49ADM ahead
2026-09-18151.0385.01+1.59ADM ahead
2026-09-17156.1986.67+1.74ADM ahead
2026-09-16150.7187.12+1.37ADM ahead
2026-09-15153.5686.76+1.59ADM ahead
2026-09-14153.2687.16+1.54ADM ahead
2026-09-11153.7687.23+1.58ADM ahead
2026-09-10154.1087.27+1.61ADM ahead
2026-09-09153.4687.20+1.59ADM ahead
2026-09-08149.8286.10+1.50ADM ahead
2026-09-04150.0285.61+1.58ADM ahead
2026-09-03149.6185.85+1.54ADM ahead
2026-09-02151.3887.25+1.51ADM ahead
2026-09-01149.9186.07+1.56ADM ahead
2026-08-31144.1386.71+1.14ADM ahead
2026-08-28144.5787.12+1.13ADM ahead
2026-08-27140.2587.22+0.84ADM ahead
2026-08-26142.0088.03+0.88ADM ahead
2026-08-25140.3588.00+0.78ADM ahead
2026-08-24138.5890.39+0.42near the usual relationship
2026-08-21142.3890.04+0.71ADM ahead
2026-08-20144.8689.61+0.92ADM ahead
2026-08-19143.1989.63+0.82ADM ahead
2026-08-18146.1987.54+1.23ADM ahead
2026-08-17144.1386.87+1.18ADM ahead
2026-08-14142.6488.87+0.89ADM ahead
2026-08-13142.1188.75+0.87ADM ahead
2026-08-12141.3786.87+1.03ADM ahead
2026-08-11142.6686.31+1.17ADM ahead
2026-08-10142.7185.96+1.22ADM ahead
2026-08-07135.8087.47+0.63ADM ahead
2026-08-06137.4387.66+0.72ADM ahead
2026-08-05137.5587.45+0.75ADM ahead
2026-08-04141.6186.73+1.08ADM ahead
2026-08-03138.4086.24+0.94ADM ahead
2026-07-31140.5587.05+0.99ADM ahead
2026-07-30142.9388.13+1.03ADM ahead
2026-07-29142.5290.79+0.76ADM ahead
2026-07-28147.4887.29+1.36ADM ahead
2026-07-27147.5084.76+1.60ADM ahead
2026-07-24152.3484.55+1.88ADM ahead
2026-07-23153.1083.89+1.98ADM ahead
2026-07-22154.8285.02+1.97ADM ahead
2026-07-21152.8483.63+2.00ADM ahead
2026-07-20151.9084.20+1.90ADM ahead
2026-07-17152.3085.22+1.84ADM ahead
2026-07-16147.1685.81+1.53ADM ahead
2026-07-15145.9282.03+1.81ADM ahead
2026-07-14145.8982.15+1.81ADM ahead
2026-07-13145.4683.63+1.66ADM ahead
2026-07-10142.5782.19+1.65ADM ahead
2026-07-09140.0481.45+1.59ADM ahead
2026-07-08142.3683.10+1.57ADM ahead
2026-07-07138.6584.13+1.29ADM ahead
2026-07-06138.1782.66+1.40ADM ahead
2026-07-02136.1585.09+1.09ADM ahead
2026-07-01135.8382.91+1.26ADM ahead
2026-06-30135.4680.80+1.43ADM ahead
2026-06-29136.2984.03+1.20ADM ahead
2026-06-26136.1584.93+1.13ADM ahead
2026-06-25135.7185.50+1.06ADM ahead
2026-06-24133.1286.25+0.87ADM ahead
2026-06-23134.4785.30+1.02ADM ahead
2026-06-22135.2783.14+1.25ADM ahead
2026-06-18133.1683.99+1.08ADM ahead
2026-06-17135.6485.02+1.13ADM ahead
2026-06-16138.3386.83+1.12ADM ahead
2026-06-15140.5585.92+1.30ADM ahead
2026-06-12142.2788.00+1.23ADM ahead
2026-06-11139.8988.52+1.08ADM ahead
2026-06-10144.1189.66+1.20ADM ahead
2026-06-09142.0687.92+1.23ADM ahead
2026-06-08142.2386.06+1.38ADM ahead
2026-06-05143.4886.67+1.40ADM ahead
2026-06-04147.8285.21+1.70ADM ahead
2026-06-03149.1385.65+1.73ADM ahead
2026-06-02146.2185.32+1.63ADM ahead
2026-06-01146.4985.29+1.66ADM ahead
2026-05-29141.4585.46+1.43ADM ahead
2026-05-28141.9187.16+1.34ADM ahead
2026-05-27141.0586.97+1.32ADM ahead
2026-05-26138.3285.55+1.31ADM ahead
2026-05-22137.4586.28+1.23ADM ahead
2026-05-21136.7485.92+1.23ADM ahead
2026-05-20137.5086.39+1.24ADM ahead
2026-05-19140.7685.62+1.44ADM ahead
2026-05-18143.4686.11+1.53ADM ahead
2026-05-15142.5584.44+1.62ADM ahead
2026-05-14144.3485.18+1.66ADM ahead
2026-05-13146.9785.95+1.73ADM ahead
2026-05-12143.1486.20+1.56ADM ahead
2026-05-11141.5685.79+1.54ADM ahead
2026-05-08137.7085.99+1.37ADM ahead
2026-05-07137.4685.65+1.39ADM ahead
2026-05-06138.3386.43+1.38ADM ahead
2026-05-05140.4185.72+1.52ADM ahead
2026-05-04135.2385.75+1.31ADM ahead
2026-05-01132.8785.74+1.21ADM ahead
2026-04-30132.1685.83+1.18ADM ahead
2026-04-29131.6885.28+1.21ADM ahead
2026-04-28129.0881.78+1.34ADM ahead
2026-04-27125.0780.22+1.28ADM ahead
2026-04-24122.7580.48+1.16ADM ahead
2026-04-23124.1780.62+1.23ADM ahead
2026-04-22123.1078.32+1.35ADM ahead
2026-04-21123.8178.42+1.39ADM ahead
2026-04-20121.2280.06+1.16ADM ahead
2026-04-17118.8779.98+1.06ADM ahead
2026-04-16121.7779.73+1.22ADM ahead
2026-04-15118.7179.04+1.13ADM ahead
2026-04-14122.0680.80+1.17ADM ahead
2026-04-13123.7980.58+1.27ADM ahead
2026-04-10123.6382.43+1.15ADM ahead
2026-04-09124.7382.55+1.19ADM ahead
2026-04-08127.1682.19+1.33ADM ahead
2026-04-07127.9380.34+1.49ADM ahead
2026-04-06130.1181.56+1.51ADM ahead
2026-04-02130.9080.39+1.64ADM ahead
2026-04-01128.3279.73+1.59ADM ahead
2026-03-31128.8880.53+1.57ADM ahead
2026-03-30127.2281.38+1.46ADM ahead
2026-03-27128.0781.41+1.50ADM ahead
2026-03-26128.2480.44+1.59ADM ahead
2026-03-25127.0680.23+1.56ADM ahead
2026-03-24126.6779.88+1.58ADM ahead
2026-03-23120.5579.44+1.36ADM ahead
2026-03-20117.3278.53+1.28ADM ahead
2026-03-19121.7078.92+1.47ADM ahead
2026-03-18125.6678.89+1.66ADM ahead
2026-03-17127.8780.94+1.63ADM ahead
2026-03-16125.4479.85+1.61ADM ahead
2026-03-13127.6276.68+1.95ADM ahead
2026-03-12128.5575.93+2.06ADM ahead
2026-03-11125.5977.34+1.85ADM ahead
2026-03-10123.0379.04+1.63ADM ahead
2026-03-09120.4381.27+1.37ADM ahead
2026-03-06119.5781.59+1.32ADM ahead
2026-03-05117.9681.28+1.28ADM ahead
2026-03-04119.1881.99+1.30ADM ahead
2026-03-03120.5582.10+1.36ADM ahead
2026-03-02123.4284.44+1.35ADM ahead
2026-02-27122.4186.03+1.21ADM ahead
2026-02-26119.5483.74+1.24ADM ahead
2026-02-25119.5983.99+1.24ADM ahead
2026-02-24120.6085.40+1.20ADM ahead
2026-02-23120.0284.35+1.25ADM ahead
2026-02-20120.3582.15+1.43ADM ahead
2026-02-19122.0981.92+1.54ADM ahead
2026-02-18119.7283.93+1.30ADM ahead
2026-02-17121.5883.63+1.42ADM ahead
2026-02-13123.2487.44+1.26ADM ahead
2026-02-12123.2386.42+1.33ADM ahead
2026-02-11122.8785.88+1.37ADM ahead
2026-02-10121.6784.73+1.40ADM ahead
2026-02-09119.4184.84+1.30ADM ahead
2026-02-06117.6183.85+1.29ADM ahead
2026-02-05116.0184.26+1.19ADM ahead
2026-02-04119.4082.98+1.45ADM ahead
2026-02-03119.4983.08+1.46ADM ahead
2026-02-02120.7181.99+1.61ADM ahead
2026-01-30119.3481.68+1.58ADM ahead
2026-01-29118.6580.06+1.68ADM ahead
2026-01-28119.5080.65+1.69ADM ahead
2026-01-27120.9882.45+1.65ADM ahead
2026-01-26119.4581.77+1.64ADM ahead
2026-01-23119.7081.59+1.68ADM ahead
2026-01-22119.0180.44+1.75ADM ahead
2026-01-21120.0480.12+1.84ADM ahead
2026-01-20116.8181.01+1.62ADM ahead
2026-01-16115.5779.97+1.65ADM ahead
2026-01-15118.0380.05+1.79ADM ahead
2026-01-14114.5479.95+1.63ADM ahead
2026-01-13112.3878.15+1.67ADM ahead
2026-01-12110.2876.73+1.68ADM ahead
2026-01-09109.8276.96+1.65ADM ahead
2026-01-08108.4975.43+1.72ADM ahead
2026-01-07103.7671.96+1.75ADM ahead
2026-01-06107.2573.67+1.83ADM ahead
2026-01-05105.6475.08+1.63ADM ahead
2026-01-02104.7074.95+1.60ADM ahead
2025-12-31101.9375.20+1.41ADM ahead
2025-12-30103.1476.57+1.39ADM ahead
2025-12-29103.2376.89+1.37ADM ahead
2025-12-26102.6876.33+1.40ADM ahead
2025-12-24102.4576.31+1.40ADM ahead
2025-12-23101.9075.65+1.43ADM ahead
2025-12-22102.5775.87+1.47ADM ahead
2025-12-19103.2676.14+1.50ADM ahead
2025-12-18103.3776.53+1.49ADM ahead
2025-12-17103.8375.19+1.65ADM ahead
2025-12-16102.8075.40+1.58ADM ahead
2025-12-15106.7475.80+1.82ADM ahead
2025-12-12106.4075.50+1.84ADM ahead
2025-12-11106.2475.15+1.88ADM ahead
2025-12-10103.2175.29+1.69ADM ahead
2025-12-09102.9675.59+1.66ADM ahead
2025-12-08102.7376.50+1.57ADM ahead
2025-12-05104.6376.70+1.70ADM ahead
2025-12-04105.2577.95+1.64ADM ahead
2025-12-03106.0378.28+1.68ADM ahead
2025-12-02106.9378.22+1.77ADM ahead
2025-12-01107.3078.79+1.76ADM ahead
2025-11-28107.7080.43+1.65ADM ahead
2025-11-26107.3679.92+1.69ADM ahead
2025-11-25105.8578.97+1.69ADM ahead
2025-11-24103.9978.50+1.62ADM ahead
2025-11-21103.9579.63+1.53ADM ahead
2025-11-20102.6177.88+1.61ADM ahead
2025-11-19103.2478.35+1.63ADM ahead
2025-11-18108.2177.93+2.04ADM ahead
2025-11-17104.1577.63+1.80ADM ahead
2025-11-14103.9279.44+1.63ADM ahead
2025-11-13104.3179.59+1.66ADM ahead
2025-11-12102.3979.65+1.53ADM ahead
2025-11-11102.1879.80+1.51ADM ahead
2025-11-1099.2978.58+1.42ADM ahead
2025-11-07101.0379.88+1.44ADM ahead
2025-11-06100.5778.50+1.55ADM ahead
2025-11-0599.8078.26+1.53ADM ahead
2025-11-04106.6078.35+2.07ADM ahead
2025-11-03106.5479.14+2.01ADM ahead
2025-10-31107.3280.27+1.97ADM ahead
2025-10-30107.6180.71+1.97ADM ahead
2025-10-29107.3080.82+1.96ADM ahead
2025-10-28108.8184.12+1.77ADM ahead
2025-10-27109.8286.14+1.67ADM ahead
2025-10-24112.2984.90+1.99ADM ahead
2025-10-23110.8385.23+1.87ADM ahead
2025-10-22109.7786.57+1.68ADM ahead
2025-10-21109.4386.27+1.70ADM ahead
2025-10-20112.0487.75+1.77ADM ahead
2025-10-17112.2987.26+1.86ADM ahead
2025-10-16111.5286.06+1.94ADM ahead
2025-10-15112.3886.14+2.02ADM ahead
2025-10-14109.6686.80+1.76ADM ahead
2025-10-13109.2985.46+1.89ADM ahead
2025-10-10107.8785.85+1.75ADM ahead
2025-10-09108.7185.22+1.91ADM ahead
2025-10-08110.3286.14+1.96ADM ahead
2025-10-07111.5187.45+1.95ADM ahead
2025-10-06110.7386.31+2.03ADM ahead
2025-10-03108.2387.55+1.70ADM ahead
2025-10-02104.8086.31+1.55ADM ahead
2025-10-01105.0588.25+1.38ADM ahead
2025-09-30105.9287.27+1.57ADM ahead
2025-09-29106.9387.50+1.65ADM ahead
2025-09-26107.4588.52+1.60ADM ahead
2025-09-25108.2887.40+1.81ADM ahead
2025-09-24109.0189.96+1.62ADM ahead
2025-09-23107.6289.16+1.59ADM ahead
2025-09-22106.1388.71+1.52ADM ahead
2025-09-19109.3189.01+1.79ADM ahead
2025-09-18107.8588.36+1.75ADM ahead
2025-09-17108.3287.78+1.88ADM ahead
2025-09-16110.5587.59+2.12ADM ahead
2025-09-15107.3286.06+2.03ADM ahead
2025-09-12109.1786.59+2.17ADM ahead
2025-09-11108.9086.69+2.16ADM ahead
2025-09-10108.8886.99+2.15ADM ahead
2025-09-09110.2787.41+2.26ADM ahead
2025-09-08110.4686.53+2.42ADM ahead
2025-09-05111.6086.25+2.60ADM ahead
2025-09-04109.8285.08+2.62ADM ahead
2025-09-03109.4385.64+2.55ADM ahead
2025-09-02110.0286.32+2.55ADM ahead
2025-08-29111.0685.83+2.77ADM ahead
2025-08-28111.1085.61+2.85ADM ahead
2025-08-27111.1986.28+2.82ADM ahead
2025-08-26111.3886.69+2.84ADM ahead
2025-08-25113.8586.56+3.18ADM ahead
2025-08-22111.5688.59+2.71ADM ahead
2025-08-21108.3787.93+2.48ADM ahead
2025-08-20107.6888.25+2.39ADM ahead
2025-08-19106.3187.54+2.36ADM ahead
2025-08-18105.8086.39+2.50ADM ahead
2025-08-15105.9486.73+2.51ADM ahead
2025-08-14105.1885.86+2.58ADM ahead
2025-08-13106.0686.88+2.58ADM ahead
2025-08-12103.8385.76+2.50ADM ahead
2025-08-11103.3386.00+2.43ADM ahead
2025-08-08102.5586.38+2.30ADM ahead
2025-08-07102.5987.18+2.20ADM ahead
2025-08-06100.5986.71+2.03ADM ahead
2025-08-05102.1687.04+2.20ADM ahead
2025-08-0496.3888.75+1.13ADM ahead
2025-08-0195.4889.31+0.90ADM ahead
2025-07-3196.0690.37+0.81ADM ahead
2025-07-3097.8790.95+0.96ADM ahead
2025-07-2996.1097.39-0.19near the usual relationship
2025-07-2897.0997.21-0.04near the usual relationship
2025-07-2598.1498.60-0.10near the usual relationship
2025-07-2498.4098.04+0.00near the usual relationship
2025-07-2399.6898.03+0.15near the usual relationship
2025-07-2298.2498.84-0.14near the usual relationship
2025-07-2196.0196.98-0.20near the usual relationship
2025-07-1896.4497.53-0.22near the usual relationship
2025-07-1794.9397.51-0.41near the usual relationship
2025-07-1695.7494.26+0.08near the usual relationship
2025-07-1595.2793.24+0.14near the usual relationship
2025-07-1496.2894.50+0.09near the usual relationship
2025-07-1197.4193.85+0.29near the usual relationship
2025-07-1097.3293.81+0.28near the usual relationship
2025-07-0995.7493.39+0.14near the usual relationship
2025-07-0896.7295.26+0.02near the usual relationship
2025-07-0796.6796.14-0.09near the usual relationship
2025-07-0398.0796.38+0.03near the usual relationship
2025-07-0299.1197.18+0.05near the usual relationship
2025-07-0196.5496.34-0.14near the usual relationship
2025-06-3093.5894.22-0.24near the usual relationship
2025-06-2792.1694.69-0.47near the usual relationship
2025-06-2694.2794.65-0.23near the usual relationship
2025-06-2592.7393.99-0.33near the usual relationship
2025-06-2493.8595.60-0.39near the usual relationship
2025-06-2393.6595.69-0.43near the usual relationship
2025-06-2095.0595.43-0.25near the usual relationship
2025-06-1895.7392.69+0.13near the usual relationship
2025-06-1795.9292.69+0.14near the usual relationship
2025-06-1696.0393.89+0.01near the usual relationship
2025-06-1392.2093.50-0.37near the usual relationship
2025-06-1288.0595.17-1.05MDLZ ahead
2025-06-1186.2993.53-1.08MDLZ ahead
2025-06-1086.4293.94-1.12MDLZ ahead
2025-06-0984.9393.18-1.23MDLZ ahead
2025-06-0684.0892.41-1.26MDLZ ahead
2025-06-0583.3092.72-1.40MDLZ ahead
2025-06-0483.7693.08-1.40MDLZ ahead
2025-06-0383.8393.66-1.47MDLZ ahead
2025-06-0285.2894.31-1.37MDLZ ahead
2025-05-3085.5994.29-1.34MDLZ ahead
2025-05-2985.7694.26-1.33MDLZ ahead
2025-05-2885.7393.07-1.21MDLZ ahead
2025-05-2786.2293.46-1.20MDLZ ahead
2025-05-2385.0092.40-1.24MDLZ ahead
2025-05-2285.0491.49-1.14MDLZ ahead
2025-05-2185.6491.17-1.04MDLZ ahead
2025-05-2088.9492.02-0.74MDLZ ahead
2025-05-1988.6791.81-0.75MDLZ ahead
2025-05-1688.8891.25-0.67MDLZ ahead
2025-05-1586.6391.00-0.92MDLZ ahead
2025-05-1487.6188.77-0.54MDLZ ahead
2025-05-1389.8889.61-0.37near the usual relationship
2025-05-1288.4891.97-0.82MDLZ ahead
2025-05-0986.0592.72-1.21MDLZ ahead
2025-05-0884.5793.91-1.55MDLZ ahead
2025-05-0784.8993.85-1.51MDLZ ahead
2025-05-0685.6794.31-1.48MDLZ ahead
2025-05-0584.2294.72-1.73MDLZ ahead
2025-05-0284.8494.65-1.66MDLZ ahead
2025-05-0184.3694.82-1.76MDLZ ahead
2025-04-3084.6695.18-1.78MDLZ ahead
2025-04-2984.7291.72-1.38MDLZ ahead
2025-04-2885.2090.95-1.23MDLZ ahead
2025-04-2585.5591.63-1.28MDLZ ahead
2025-04-2486.4991.53-1.15MDLZ ahead
2025-04-2385.3294.13-1.63MDLZ ahead
2025-04-2286.0695.40-1.70MDLZ ahead
2025-04-2185.2794.66-1.73MDLZ ahead
2025-04-1784.7994.05-1.74MDLZ ahead
2025-04-1681.7992.88-2.03MDLZ ahead
2025-04-1581.6893.64-2.17MDLZ ahead
2025-04-1482.3295.42-2.32MDLZ ahead
2025-04-1181.2893.67-2.28MDLZ ahead
2025-04-1078.8792.18-2.48MDLZ ahead
2025-04-0978.6992.47-2.58MDLZ ahead
2025-04-0874.1089.49-2.96MDLZ ahead
2025-04-0776.2191.13-2.90MDLZ ahead
2025-04-0476.8192.64-3.07MDLZ ahead
2025-04-0384.3494.86-2.24MDLZ ahead
2025-04-0285.0592.39-1.83MDLZ ahead
2025-04-0185.4894.51-2.08MDLZ ahead
2025-03-3185.1294.79-2.19MDLZ ahead
2025-03-2884.8894.61-2.24MDLZ ahead
2025-03-2785.6094.30-2.12MDLZ ahead
2025-03-2683.4692.67-2.25MDLZ ahead
2025-03-2581.6590.37-2.24MDLZ ahead
2025-03-2481.4490.74-2.36MDLZ ahead
2025-03-2181.7490.12-2.26MDLZ ahead
2025-03-2082.4889.34-2.04MDLZ ahead
2025-03-1983.2189.41-1.96MDLZ ahead
2025-03-1884.5490.32-1.90MDLZ ahead
2025-03-1785.0990.93-1.92MDLZ ahead
2025-03-1483.6589.84-2.00MDLZ ahead
2025-03-1383.7890.37-2.08MDLZ ahead
2025-03-1283.4890.78-2.20MDLZ ahead
2025-03-1186.2494.79-2.37MDLZ ahead
2025-03-1089.7395.21-1.88MDLZ ahead
2025-03-0787.6694.64-2.13MDLZ ahead
2025-03-0685.2193.27-2.34MDLZ ahead
2025-03-0581.2192.62-2.96MDLZ ahead
2025-03-0481.2491.21-2.75MDLZ ahead
2025-03-0382.5991.90-2.63MDLZ ahead
2025-02-2883.6989.73-2.09MDLZ ahead
2025-02-2782.6189.38-2.22MDLZ ahead
2025-02-2683.3088.64-1.97MDLZ ahead
2025-02-2586.4592.04-1.97MDLZ ahead
2025-02-2485.8291.31-1.96MDLZ ahead
2025-02-2185.4490.35-1.86MDLZ ahead
2025-02-2082.5486.85-1.79MDLZ ahead
2025-02-1981.6386.52-1.90MDLZ ahead
2025-02-1881.4085.47-1.76MDLZ ahead
2025-02-1481.7484.97-1.61MDLZ ahead
2025-02-1381.0585.44-1.81MDLZ ahead
2025-02-1280.1884.66-1.82MDLZ ahead
2025-02-1182.3484.45-1.39MDLZ ahead
2025-02-1081.7281.77-1.03MDLZ ahead
2025-02-0781.1381.66-1.09MDLZ ahead
2025-02-0680.7680.79-0.99MDLZ ahead
2025-02-0582.3680.23-0.62MDLZ ahead
2025-02-0484.2078.40+0.00near the usual relationship
2025-02-0388.6980.20+0.40near the usual relationship
2025-01-3190.8381.01+0.59ADM ahead
2025-01-3091.6181.60+0.61ADM ahead
2025-01-2991.6079.81+0.90ADM ahead
2025-01-2889.7079.51+0.68ADM ahead
2025-01-2792.5081.49+0.77ADM ahead
2025-01-2489.5680.22+0.56ADM ahead
2025-01-2389.8279.58+0.71ADM ahead
2025-01-2289.5778.67+0.81ADM ahead
2025-01-2190.8280.47+0.70ADM ahead
2025-01-1790.9480.83+0.65ADM ahead
2025-01-1690.4481.03+0.55ADM ahead
2025-01-1590.6779.13+0.87ADM ahead
2025-01-1490.7679.77+0.77ADM ahead
2025-01-1392.4178.47+1.19ADM ahead
2025-01-1090.5978.58+0.93ADM ahead
2025-01-0888.3781.43+0.18near the usual relationship
2025-01-0787.6481.43+0.07near the usual relationship
2025-01-0688.0081.34+0.13near the usual relationship
2025-01-0388.7483.63-0.11near the usual relationship
2025-01-0289.0483.12+0.00near the usual relationship
2024-12-3189.5783.45+0.01near the usual relationship
2024-12-3088.7883.21-0.07near the usual relationship
2024-12-2789.6884.12-0.08near the usual relationship
2024-12-2689.7383.61-0.01near the usual relationship
2024-12-2489.7783.82-0.05near the usual relationship
2024-12-2389.3882.82+0.03near the usual relationship
2024-12-2089.5282.97+0.02near the usual relationship
2024-12-1987.5582.80-0.21near the usual relationship
2024-12-1888.3983.85-0.25near the usual relationship
2024-12-1791.2985.69-0.14near the usual relationship
2024-12-1691.6585.90-0.14near the usual relationship
2024-12-1392.9186.52-0.08near the usual relationship
2024-12-1294.1187.50-0.07near the usual relationship
2024-12-1193.8388.18-0.19near the usual relationship
2024-12-1092.3486.27-0.13near the usual relationship
2024-12-0992.1685.83-0.11near the usual relationship
2024-12-0691.1787.82-0.46near the usual relationship
2024-12-0592.7088.35-0.36near the usual relationship
2024-12-0491.7988.39-0.47near the usual relationship
2024-12-0394.2790.54-0.45near the usual relationship
2024-12-0296.2291.13-0.32near the usual relationship
2024-11-2996.8190.74-0.22near the usual relationship
2024-11-2796.4090.89-0.29near the usual relationship
2024-11-2695.2590.64-0.38near the usual relationship
2024-11-2593.9990.72-0.53MDLZ ahead
2024-11-2294.2089.97-0.43near the usual relationship
2024-11-2194.3190.51-0.48near the usual relationship
2024-11-2094.8990.00-0.38near the usual relationship
2024-11-1993.9589.23-0.40near the usual relationship
2024-11-1893.4689.19-0.45near the usual relationship
2024-11-1594.5990.09-0.44near the usual relationship
2024-11-1493.1091.59-0.74MDLZ ahead
2024-11-1391.9792.20-0.92MDLZ ahead
2024-11-1291.1992.93-1.08MDLZ ahead
2024-11-1192.8492.34-0.87MDLZ ahead
2024-11-0892.4392.48-0.93MDLZ ahead
2024-11-0793.0791.81-0.80MDLZ ahead
2024-11-0694.4392.72-0.77MDLZ ahead
2024-11-0592.2096.47-1.35MDLZ ahead
2024-11-0498.0595.50-0.71MDLZ ahead
2024-11-0196.8895.71-0.85MDLZ ahead
2024-10-3197.8995.67-0.75MDLZ ahead
2024-10-3098.4697.50-0.88MDLZ ahead
2024-10-2999.8696.61-0.68MDLZ ahead
2024-10-28101.4997.15-0.59MDLZ ahead
2024-10-25100.2896.72-0.66MDLZ ahead
2024-10-24100.1897.72-0.77MDLZ ahead
2024-10-2399.4398.58-0.91MDLZ ahead
2024-10-2298.7499.68-1.07MDLZ ahead
2024-10-2199.5298.39-0.90MDLZ ahead
2024-10-18100.00100.00-1.00MDLZ ahead

One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Apr 4, 2025 (ADM -8.9%, MDLZ -2.3%); Jul 30, 2025 (ADM +1.9%, MDLZ -6.6%); Aug 5, 2025 (ADM +6.0%, MDLZ -1.9%). Upcoming earnings: MDLZ Oct 27, 2026 (not-supplied); MDLZ Oct 29, 2026 (after-hours); ADM 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)

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

ADM and MDLZ at a glance

ADM Archer-Daniels-Midland Company

Listing
NYSE · SEC CIK 7084
Industry
Packaged Foods · SIC 2070 Fats & Oils
Market value
$38.8B
Price history
2,521 daily closes, Oct 12, 2016 to Oct 22, 2026

MDLZ Mondelez International Inc.

Listing
Nasdaq · SEC CIK 1103982
Industry
Packaged Foods · SIC 2000 Food and Kindred Products
Market value
$80.8B
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
ADM / BGWatchlistADM by 1.87 sdSIC 2070 Fats & Oils
MDLZ / KHCWatchlistMDLZ by 0.85 sdPackaged Foods
ADM / KHCWatchlistADM by 0.43 sdPackaged Foods

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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.