Biotechnology: Biological Products (No Diagnostic Substances)

Amgen Inc. vs Gilead Sciences Inc.

WatchlistAMGN / GILDPrices through Oct 22, 2026

Why these are rivals: #1 and #2 by market value ($230B vs $190B) in Nasdaq's "Biotechnology: Biological Products (No Diagnostic Substances)" industry; SEC SIC 2836 / 2836 (same major group); #1 and #2 by market value ($230B vs $190B) with SEC SIC 2836 (Biological Products, (No Diagnostic Substances)).

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: 0.52 (needs >= 0.60)
  • Mean reversion: ADF t-statistic of the spread: -2.23 (needs <= -2.873 (5% critical value))
Business leadership

AMGN is the larger business

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

YearAMGNGILDLarger
2025$36.8B$29.4BAMGN
2024$33.4B$28.8BAMGN
2023$28.2B$27.1BAMGN
2022$26.3B$27.3BGILD
2021$26.0B$27.3BGILD
2020$25.4B$24.7BAMGN

Revenue lead switched: 2021 to GILD, 2023 to AMGN. Market value: AMGN $229.7B, GILD $189.8B.

Stock leadership

AMGN is ahead now

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

AMGN leads GILD by 1.07 standard deviations: +6.9% over its usual price ratio. 9 lead switches in the last year.

Price change3 mo6 mo12 mo
AMGN+18.9%+28.3%+48.5%
GILD+21.6%+17.6%+26.7%
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: 0.52 (needs >= 0.60)
Fail
Mean reversion: ADF t-statistic of the spread: -2.23 (needs <= -2.873 (5% critical value))
Pass
Speed: half-life of the spread, sessions: 16.32 (needs <= 63)
Data
Both stocks current
The twins over two years

Prices side by side, and the gap between them

AMGN Amgen Inc. GILD Gilead Sciences 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 2026AMGN 139GILD 181
Spread z-score: AMGN relative to GILD, against the 252 sessions before each day. Above 0: AMGN ahead; below 0: GILD ahead. Lines at +/-2 (idea) and +/-4 (stop).
-4stop-2idea0+2idea+4stopOct 2024Oct 2025Oct 2026
Data table (504 sessions)
DateAMGN indexGILD indexzAhead
2026-10-22139.05181.26+1.07AMGN ahead
2026-10-21136.27177.09+1.13AMGN ahead
2026-10-20136.46180.48+0.86AMGN ahead
2026-10-19132.11176.51+0.70AMGN ahead
2026-10-16134.46180.11+0.66AMGN ahead
2026-10-15134.93181.47+0.60AMGN ahead
2026-10-14132.47177.05+0.71AMGN ahead
2026-10-13128.35170.57+0.81AMGN ahead
2026-10-12129.82173.47+0.73AMGN ahead
2026-10-09128.98174.32+0.55AMGN ahead
2026-10-08126.67169.63+0.70AMGN ahead
2026-10-07128.42169.34+0.96AMGN ahead
2026-10-06125.16166.32+0.84AMGN ahead
2026-10-05125.28166.78+0.81AMGN ahead
2026-10-02125.30166.90+0.81AMGN ahead
2026-10-01126.62170.09+0.67AMGN ahead
2026-09-30131.04171.88+1.07AMGN ahead
2026-09-29131.70174.45+0.92AMGN ahead
2026-09-28129.99175.52+0.62AMGN ahead
2026-09-25128.90174.04+0.62AMGN ahead
2026-09-24126.23172.61+0.42near the usual relationship
2026-09-23126.25174.55+0.25near the usual relationship
2026-09-22127.54176.05+0.28near the usual relationship
2026-09-21122.23173.62-0.17near the usual relationship
2026-09-18119.89173.10-0.42near the usual relationship
2026-09-17118.07174.00-0.74GILD ahead
2026-09-16117.00170.30-0.54GILD ahead
2026-09-15116.78168.70-0.42near the usual relationship
2026-09-14118.60168.83-0.18near the usual relationship
2026-09-11117.31165.73-0.06near the usual relationship
2026-09-10118.91166.99+0.04near the usual relationship
2026-09-09121.64167.95+0.31near the usual relationship
2026-09-08122.23169.10+0.28near the usual relationship
2026-09-04135.93174.12+1.48AMGN ahead
2026-09-03138.07174.38+1.72AMGN ahead
2026-09-02137.67172.52+1.86AMGN ahead
2026-09-01136.21172.88+1.68AMGN ahead
2026-08-31133.64168.75+1.78AMGN ahead
2026-08-28134.43167.99+1.97AMGN ahead
2026-08-27135.85171.66+1.81AMGN ahead
2026-08-26136.90170.77+2.04AMGN ahead
2026-08-25137.49171.55+2.06AMGN ahead
2026-08-24137.98169.21+2.38AMGN ahead
2026-08-21136.58168.50+2.32AMGN ahead
2026-08-20134.84165.41+2.45AMGN ahead
2026-08-19137.52170.20+2.33AMGN ahead
2026-08-18132.21165.41+2.18AMGN ahead
2026-08-17130.38160.19+2.53AMGN ahead
2026-08-14129.08159.55+2.46AMGN ahead
2026-08-13129.90159.29+2.64AMGN ahead
2026-08-12129.39156.68+2.91AMGN ahead
2026-08-11128.80156.56+2.89AMGN ahead
2026-08-10129.70153.44+3.47AMGN ahead
2026-08-07127.76153.61+3.25AMGN ahead
2026-08-06125.86150.90+3.39AMGN ahead
2026-08-05126.79151.94+3.49AMGN ahead
2026-08-04121.25155.96+2.13AMGN ahead
2026-08-03117.79151.23+2.20AMGN ahead
2026-07-31119.74150.15+2.72AMGN ahead
2026-07-30120.51151.38+2.73AMGN ahead
2026-07-29120.51153.06+2.54AMGN ahead
2026-07-28122.21154.89+2.62AMGN ahead
2026-07-27116.97150.51+2.33AMGN ahead
2026-07-24116.91149.11+2.55AMGN ahead
2026-07-23115.49150.90+2.04AMGN ahead
2026-07-22113.80150.30+1.82AMGN ahead
2026-07-21113.86150.23+1.85AMGN ahead
2026-07-20113.22153.61+1.24AMGN ahead
2026-07-17113.87154.84+1.19AMGN ahead
2026-07-16115.52157.17+1.19AMGN ahead
2026-07-15111.40151.87+1.15AMGN ahead
2026-07-14110.44149.95+1.24AMGN ahead
2026-07-13112.06151.52+1.34AMGN ahead
2026-07-10112.97149.71+1.79AMGN ahead
2026-07-09113.04155.49+0.98AMGN ahead
2026-07-08114.40156.62+1.08AMGN ahead
2026-07-07114.44157.24+1.01AMGN ahead
2026-07-06113.92149.46+2.05AMGN ahead
2026-07-02116.32151.37+2.26AMGN ahead
2026-07-01112.33145.26+2.44AMGN ahead
2026-06-30112.58145.69+2.46AMGN ahead
2026-06-29112.09145.68+2.40AMGN ahead
2026-06-26111.40147.46+1.99AMGN ahead
2026-06-25109.69142.80+2.41AMGN ahead
2026-06-24109.26144.33+2.10AMGN ahead
2026-06-23107.88144.20+1.83AMGN ahead
2026-06-22107.17143.99+1.71AMGN ahead
2026-06-18104.96142.71+1.43AMGN ahead
2026-06-17106.22144.66+1.40AMGN ahead
2026-06-16108.14146.71+1.49AMGN ahead
2026-06-15108.98143.33+2.27AMGN ahead
2026-06-12110.43144.82+2.37AMGN ahead
2026-06-11110.07145.15+2.26AMGN ahead
2026-06-10105.00140.08+1.99AMGN ahead
2026-06-09107.12144.72+1.69AMGN ahead
2026-06-08107.48147.72+1.27AMGN ahead
2026-06-05108.68148.94+1.35AMGN ahead
2026-06-04107.44148.96+1.06AMGN ahead
2026-06-03105.15148.74+0.54AMGN ahead
2026-06-02102.05147.11+0.07near the usual relationship
2026-06-01102.32151.18-0.56GILD ahead
2026-05-29104.70155.02-0.62GILD ahead
2026-05-28104.61157.08-0.98GILD ahead
2026-05-27104.48154.16-0.54GILD ahead
2026-05-26104.44154.21-0.56GILD ahead
2026-05-22105.48154.94-0.42near the usual relationship
2026-05-21104.90150.48+0.18near the usual relationship
2026-05-20103.08150.70-0.30near the usual relationship
2026-05-19102.83150.48-0.33near the usual relationship
2026-05-18100.85149.53-0.67GILD ahead
2026-05-15101.45149.42-0.51GILD ahead
2026-05-14104.53152.28-0.24near the usual relationship
2026-05-13104.60153.42-0.41near the usual relationship
2026-05-12104.55155.60-0.79GILD ahead
2026-05-11102.47153.97-1.03GILD ahead
2026-05-08103.12151.44-0.47near the usual relationship
2026-05-07102.31154.59-1.18GILD ahead
2026-05-06102.94157.17-1.45GILD ahead
2026-05-05102.47153.92-1.06GILD ahead
2026-05-04100.68153.01-1.35GILD ahead
2026-05-01102.54151.81-0.71GILD ahead
2026-04-30107.64150.88+0.63AMGN ahead
2026-04-29105.09148.57+0.41near the usual relationship
2026-04-28105.57149.05+0.44near the usual relationship
2026-04-27105.76147.31+0.77AMGN ahead
2026-04-24107.12150.37+0.59AMGN ahead
2026-04-23108.38154.11+0.27near the usual relationship
2026-04-22107.54153.25+0.22near the usual relationship
2026-04-21107.21153.70+0.07near the usual relationship
2026-04-20108.86156.68-0.03near the usual relationship
2026-04-17110.46158.72+0.00near the usual relationship
2026-04-16108.62159.77-0.57GILD ahead
2026-04-15108.26161.17-0.87GILD ahead
2026-04-14109.11161.96-0.80GILD ahead
2026-04-13108.75160.32-0.65GILD ahead
2026-04-10109.13160.27-0.56GILD ahead
2026-04-09110.55163.85-0.78GILD ahead
2026-04-08108.75163.21-1.09GILD ahead
2026-04-07105.70160.06-1.31GILD ahead
2026-04-06106.50161.59-1.37GILD ahead
2026-04-02108.17161.10-0.94GILD ahead
2026-04-01109.83161.79-0.68GILD ahead
2026-03-31109.39160.71-0.63GILD ahead
2026-03-30108.50157.22-0.31near the usual relationship
2026-03-27108.43154.81+0.03near the usual relationship
2026-03-26109.79157.84-0.14near the usual relationship
2026-03-25110.03159.43-0.33near the usual relationship
2026-03-24108.32159.26-0.66GILD ahead
2026-03-23108.74158.37-0.46near the usual relationship
2026-03-20108.13158.22-0.57GILD ahead
2026-03-19108.79162.72-1.04GILD ahead
2026-03-18109.27162.93-0.98GILD ahead
2026-03-17112.27166.51-0.88GILD ahead
2026-03-16113.86167.45-0.70GILD ahead
2026-03-13113.85167.19-0.68GILD ahead
2026-03-12114.34167.45-0.63GILD ahead
2026-03-11117.40168.36-0.19near the usual relationship
2026-03-10116.72171.31-0.68GILD ahead
2026-03-09117.20169.08-0.33near the usual relationship
2026-03-06114.88165.97-0.36near the usual relationship
2026-03-05114.28167.37-0.65GILD ahead
2026-03-04117.91170.92-0.44near the usual relationship
2026-03-03117.20170.47-0.51GILD ahead
2026-03-02119.91173.01-0.35near the usual relationship
2026-02-27120.67171.76-0.07near the usual relationship
2026-02-26117.93165.79+0.18near the usual relationship
2026-02-25119.48169.65-0.03near the usual relationship
2026-02-24119.03170.25-0.19near the usual relationship
2026-02-23117.96172.77-0.68GILD ahead
2026-02-20116.51174.58-1.16GILD ahead
2026-02-19116.74174.26-1.09GILD ahead
2026-02-18118.05176.13-1.09GILD ahead
2026-02-17116.07179.05-1.79GILD ahead
2026-02-13114.78178.71-2.00GILD ahead
2026-02-12113.85175.06-1.73GILD ahead
2026-02-11113.97179.66-2.24GILD ahead
2026-02-10113.37169.78-1.21GILD ahead
2026-02-09116.84174.91-1.20GILD ahead
2026-02-06119.48175.85-0.87GILD ahead
2026-02-05114.34172.24-1.32GILD ahead
2026-02-04113.85168.62-1.00GILD ahead
2026-02-03105.26165.22-2.12GILD ahead
2026-02-02107.16164.77-1.74GILD ahead
2026-01-30106.29163.69-1.78GILD ahead
2026-01-29106.62160.92-1.41GILD ahead
2026-01-28106.39161.12-1.48GILD ahead
2026-01-27109.22162.56-1.16GILD ahead
2026-01-26108.71158.88-0.83GILD ahead
2026-01-23107.18156.75-0.85GILD ahead
2026-01-22107.90151.22-0.07near the usual relationship
2026-01-21106.82148.88+0.02near the usual relationship
2026-01-20102.90143.15+0.05near the usual relationship
2026-01-16102.72144.04-0.10near the usual relationship
2026-01-15102.60139.83+0.40near the usual relationship
2026-01-14102.27143.07-0.07near the usual relationship
2026-01-13100.82140.41+0.00near the usual relationship
2026-01-12101.21141.37-0.06near the usual relationship
2026-01-09101.38139.64+0.18near the usual relationship
2026-01-08102.63139.15+0.45near the usual relationship
2026-01-07106.21143.39+0.52AMGN ahead
2026-01-06102.65139.94+0.35near the usual relationship
2026-01-0599.71136.42+0.28near the usual relationship
2026-01-02101.86140.22+0.17near the usual relationship
2025-12-31101.76141.54-0.01near the usual relationship
2025-12-30102.19142.04+0.00near the usual relationship
2025-12-29102.48144.04-0.19near the usual relationship
2025-12-26103.50143.80+0.00near the usual relationship
2025-12-24103.82144.91-0.08near the usual relationship
2025-12-23103.06144.36-0.15near the usual relationship
2025-12-22103.02143.17-0.02near the usual relationship
2025-12-19101.78143.32-0.25near the usual relationship
2025-12-18100.86140.07-0.02near the usual relationship
2025-12-17101.35139.94+0.07near the usual relationship
2025-12-16101.58136.97+0.46near the usual relationship
2025-12-15101.13138.12+0.24near the usual relationship
2025-12-1298.78138.84-0.24near the usual relationship
2025-12-1198.67142.08-0.64GILD ahead
2025-12-1098.05139.92-0.50GILD ahead
2025-12-0997.57137.64-0.32near the usual relationship
2025-12-0899.87139.75-0.20near the usual relationship
2025-12-05102.56139.78+0.22near the usual relationship
2025-12-04105.75141.40+0.52AMGN ahead
2025-12-03107.39144.14+0.45near the usual relationship
2025-12-02105.19142.89+0.25near the usual relationship
2025-12-01104.92143.37+0.15near the usual relationship
2025-11-28107.40145.11+0.31near the usual relationship
2025-11-26107.12147.04+0.05near the usual relationship
2025-11-25106.05146.59-0.06near the usual relationship
2025-11-24103.93144.45-0.15near the usual relationship
2025-11-21104.94146.03-0.18near the usual relationship
2025-11-20104.48144.13-0.06near the usual relationship
2025-11-19106.45147.68-0.15near the usual relationship
2025-11-18106.94146.66+0.00near the usual relationship
2025-11-17106.23143.09+0.24near the usual relationship
2025-11-14104.69144.17-0.07near the usual relationship
2025-11-13104.46144.37-0.13near the usual relationship
2025-11-12104.55142.30+0.06near the usual relationship
2025-11-11105.22141.33+0.23near the usual relationship
2025-11-10100.62136.24+0.11near the usual relationship
2025-11-0799.55137.04-0.12near the usual relationship
2025-11-0698.11142.30-0.77GILD ahead
2025-11-0599.44141.35-0.53GILD ahead
2025-11-0492.24141.84-1.46GILD ahead
2025-11-0392.12140.74-1.38GILD ahead
2025-10-3192.78138.13-1.08GILD ahead
2025-10-3090.78136.58-1.20GILD ahead
2025-10-2990.71136.65-1.21GILD ahead
2025-10-2890.81135.93-1.14GILD ahead
2025-10-2790.52138.92-1.41GILD ahead
2025-10-2490.70139.46-1.43GILD ahead
2025-10-2391.06139.23-1.37GILD ahead
2025-10-2292.02140.06-1.32GILD ahead
2025-10-2193.62143.08-1.36GILD ahead
2025-10-2094.30141.96-1.21GILD ahead
2025-10-1792.90141.62-1.33GILD ahead
2025-10-1691.96135.90-1.02GILD ahead
2025-10-1592.43136.42-1.01GILD ahead
2025-10-1491.35136.62-1.13GILD ahead
2025-10-1390.90136.31-1.16GILD ahead
2025-10-1090.20135.12-1.15GILD ahead
2025-10-0991.85134.62-0.95GILD ahead
2025-10-0891.59136.36-1.10GILD ahead
2025-10-0791.88134.66-0.96GILD ahead
2025-10-0691.44130.97-0.76GILD ahead
2025-10-0392.61129.95-0.58GILD ahead
2025-10-0292.46127.49-0.44near the usual relationship
2025-10-0192.80128.17-0.46near the usual relationship
2025-09-3087.73128.00-0.93GILD ahead
2025-09-2985.17129.87-1.30GILD ahead
2025-09-2684.87129.27-1.29GILD ahead
2025-09-2584.31127.99-1.26GILD ahead
2025-09-2486.81131.08-1.22GILD ahead
2025-09-2389.17131.92-1.06GILD ahead
2025-09-2288.91129.72-0.95GILD ahead
2025-09-1988.73131.56-1.08GILD ahead
2025-09-1885.75131.02-1.32GILD ahead
2025-09-1785.40129.45-1.26GILD ahead
2025-09-1684.90127.84-1.21GILD ahead
2025-09-1585.31129.77-1.29GILD ahead
2025-09-1285.93132.09-1.38GILD ahead
2025-09-1187.90135.91-1.42GILD ahead
2025-09-1086.59132.90-1.37GILD ahead
2025-09-0987.04133.49-1.37GILD ahead
2025-09-0887.11133.63-1.37GILD ahead
2025-09-0588.18132.67-1.24GILD ahead
2025-09-0487.08130.04-1.19GILD ahead
2025-09-0388.25130.29-1.11GILD ahead
2025-09-0289.20129.97-1.03GILD ahead
2025-08-2989.45130.27-1.03GILD ahead
2025-08-2888.79129.80-1.05GILD ahead
2025-08-2789.53131.37-1.08GILD ahead
2025-08-2690.03132.32-1.10GILD ahead
2025-08-2589.68131.63-1.09GILD ahead
2025-08-2291.31132.35-1.01GILD ahead
2025-08-2191.95133.93-1.05GILD ahead
2025-08-2092.16136.91-1.18GILD ahead
2025-08-1991.88136.05-1.16GILD ahead
2025-08-1890.97136.06-1.23GILD ahead
2025-08-1592.17136.50-1.17GILD ahead
2025-08-1490.25137.25-1.34GILD ahead
2025-08-1389.95138.54-1.43GILD ahead
2025-08-1288.60138.40-1.52GILD ahead
2025-08-1188.63138.92-1.55GILD ahead
2025-08-0889.61137.70-1.44GILD ahead
2025-08-0788.51127.17-1.04GILD ahead
2025-08-0688.50127.17-1.04GILD ahead
2025-08-0593.29129.68-0.85GILD ahead
2025-08-0493.87132.05-0.93GILD ahead
2025-08-0192.30130.51-0.96GILD ahead
2025-07-3191.74129.49-0.96GILD ahead
2025-07-3093.69132.33-0.97GILD ahead
2025-07-2994.37131.72-0.91GILD ahead
2025-07-2893.67130.34-0.89GILD ahead
2025-07-2595.31133.99-0.96GILD ahead
2025-07-2495.92130.54-0.78GILD ahead
2025-07-2396.13130.95-0.79GILD ahead
2025-07-2295.04127.04-0.69GILD ahead
2025-07-2191.98124.86-0.78GILD ahead
2025-07-1891.64124.79-0.80GILD ahead
2025-07-1792.72125.46-0.77GILD ahead
2025-07-1692.96126.67-0.82GILD ahead
2025-07-1590.94125.76-0.90GILD ahead
2025-07-1492.34129.26-0.97GILD ahead
2025-07-1191.80126.43-0.89GILD ahead
2025-07-1093.38132.08-1.04GILD ahead
2025-07-0992.18130.58-1.05GILD ahead
2025-07-0892.33128.07-0.95GILD ahead
2025-07-0791.07128.90-1.06GILD ahead
2025-07-0392.72128.86-0.97GILD ahead
2025-07-0292.29128.59-0.99GILD ahead
2025-07-0190.32128.84-1.12GILD ahead
2025-06-3086.80127.85-1.29GILD ahead
2025-06-2786.16127.62-1.33GILD ahead
2025-06-2686.77124.10-1.16GILD ahead
2025-06-2587.16122.15-1.07GILD ahead
2025-06-2486.27123.62-1.19GILD ahead
2025-06-2384.70122.45-1.24GILD ahead
2025-06-2089.95125.12-1.05GILD ahead
2025-06-1890.04124.54-1.03GILD ahead
2025-06-1790.17124.54-1.03GILD ahead
2025-06-1691.89127.80-1.07GILD ahead
2025-06-1391.78126.82-1.05GILD ahead
2025-06-1292.42129.21-1.11GILD ahead
2025-06-1190.72126.04-1.09GILD ahead
2025-06-1091.22126.95-1.11GILD ahead
2025-06-0990.15130.30-1.30GILD ahead
2025-06-0690.26129.68-1.28GILD ahead
2025-06-0589.26127.38-1.25GILD ahead
2025-06-0489.23125.71-1.20GILD ahead
2025-06-0390.02126.07-1.18GILD ahead
2025-06-0289.68125.59-1.19GILD ahead
2025-05-3089.59126.94-1.25GILD ahead
2025-05-2988.15128.13-1.38GILD ahead
2025-05-2886.55125.05-1.37GILD ahead
2025-05-2786.88125.80-1.39GILD ahead
2025-05-2384.46123.81-1.46GILD ahead
2025-05-2284.53123.09-1.44GILD ahead
2025-05-2184.36124.22-1.50GILD ahead
2025-05-2085.50125.82-1.51GILD ahead
2025-05-1985.76122.42-1.38GILD ahead
2025-05-1684.69118.20-1.28GILD ahead
2025-05-1584.46115.71-1.20GILD ahead
2025-05-1481.54113.45-1.28GILD ahead
2025-05-1384.08116.96-1.29GILD ahead
2025-05-1285.42119.72-1.34GILD ahead
2025-05-0982.65111.75-1.18GILD ahead
2025-05-0884.58113.19-1.14GILD ahead
2025-05-0785.76114.05-1.11GILD ahead
2025-05-0684.08112.87-1.17GILD ahead
2025-05-0587.07118.55-1.25GILD ahead
2025-05-0287.43119.56-1.28GILD ahead
2025-05-0188.22119.06-1.22GILD ahead
2025-04-3090.44122.86-1.27GILD ahead
2025-04-2989.71120.17-1.21GILD ahead
2025-04-2888.01122.62-1.41GILD ahead
2025-04-2587.31118.97-1.31GILD ahead
2025-04-2487.00122.41-1.48GILD ahead
2025-04-2386.40122.67-1.54GILD ahead
2025-04-2286.55121.67-1.51GILD ahead
2025-04-2185.08120.31-1.55GILD ahead
2025-04-1786.21120.55-1.51GILD ahead
2025-04-1687.87120.94-1.44GILD ahead
2025-04-1591.81121.86-1.28GILD ahead
2025-04-1491.38122.81-1.35GILD ahead
2025-04-1188.91119.50-1.36GILD ahead
2025-04-1087.49116.93-1.34GILD ahead
2025-04-0990.50121.37-1.37GILD ahead
2025-04-0887.13118.99-1.48GILD ahead
2025-04-0790.06121.68-1.43GILD ahead
2025-04-0491.52123.67-1.45GILD ahead
2025-04-0396.33129.60-1.44GILD ahead
2025-04-0295.04129.02-1.50GILD ahead
2025-04-0195.42128.32-1.46GILD ahead
2025-03-3196.86129.21-1.43GILD ahead
2025-03-2895.43128.91-1.51GILD ahead
2025-03-2795.06128.18-1.52GILD ahead
2025-03-2695.04126.00-1.44GILD ahead
2025-03-2595.40124.41-1.36GILD ahead
2025-03-2497.74123.09-1.19GILD ahead
2025-03-2198.25123.48-1.19GILD ahead
2025-03-2097.94122.08-1.15GILD ahead
2025-03-1998.16123.97-1.23GILD ahead
2025-03-1899.06127.11-1.32GILD ahead
2025-03-1798.60129.45-1.45GILD ahead
2025-03-1497.53128.51-1.49GILD ahead
2025-03-1397.20130.71-1.61GILD ahead
2025-03-1297.15131.45-1.66GILD ahead
2025-03-1199.14131.95-1.58GILD ahead
2025-03-10101.77135.16-1.59GILD ahead
2025-03-07100.99135.39-1.65GILD ahead
2025-03-0698.81133.81-1.73GILD ahead
2025-03-0598.42133.12-1.74GILD ahead
2025-03-0497.06132.31-1.80GILD ahead
2025-03-0396.62133.75-1.91GILD ahead
2025-02-2895.77131.82-1.90GILD ahead
2025-02-2795.08129.14-1.84GILD ahead
2025-02-2695.25127.38-1.77GILD ahead
2025-02-2598.13128.61-1.67GILD ahead
2025-02-2496.29128.03-1.77GILD ahead
2025-02-2194.20126.79-1.86GILD ahead
2025-02-2092.62126.88-1.99GILD ahead
2025-02-1991.48124.14-1.96GILD ahead
2025-02-1891.03121.37-1.87GILD ahead
2025-02-1490.52120.02-1.86GILD ahead
2025-02-1392.32122.19-1.87GILD ahead
2025-02-1291.73119.13-1.78GILD ahead
2025-02-1192.23110.86-1.31GILD ahead
2025-02-1091.65110.10-1.32GILD ahead
2025-02-0791.26110.75-1.39GILD ahead
2025-02-0692.58113.05-1.45GILD ahead
2025-02-0595.69114.91-1.35GILD ahead
2025-02-0489.85113.00-1.66GILD ahead
2025-02-0389.81113.45-1.70GILD ahead
2025-01-3188.73112.08-1.72GILD ahead
2025-01-3088.30111.80-1.75GILD ahead
2025-01-2987.57110.23-1.73GILD ahead
2025-01-2887.14108.22-1.66GILD ahead
2025-01-2787.97109.95-1.72GILD ahead
2025-01-2485.62107.32-1.76GILD ahead
2025-01-2386.39107.15-1.70GILD ahead
2025-01-2285.01107.29-1.83GILD ahead
2025-01-2185.43107.20-1.81GILD ahead
2025-01-1784.60105.90-1.81GILD ahead
2025-01-1683.76105.68-1.88GILD ahead
2025-01-1583.61106.53-1.96GILD ahead
2025-01-1483.04104.94-1.92GILD ahead
2025-01-1384.00103.71-1.78GILD ahead
2025-01-1081.52103.64-2.00GILD ahead
2025-01-0882.14102.79-1.91GILD ahead
2025-01-0781.47104.51-2.11GILD ahead
2025-01-0680.39105.20-2.27GILD ahead
2025-01-0381.21105.41-2.24GILD ahead
2025-01-0280.61105.95-2.36GILD ahead
2024-12-3181.03106.52-2.40GILD ahead
2024-12-3080.61106.10-2.44GILD ahead
2024-12-2781.65108.52-2.54GILD ahead
2024-12-2681.82108.87-2.59GILD ahead
2024-12-2482.23108.34-2.55GILD ahead
2024-12-2382.07107.70-2.56GILD ahead
2024-12-2081.88106.75-2.54GILD ahead
2024-12-1981.20105.04-2.52GILD ahead
2024-12-1880.45104.58-2.59GILD ahead
2024-12-1782.68107.01-2.59GILD ahead
2024-12-1682.85106.15-2.53GILD ahead
2024-12-1384.13105.92-2.42GILD ahead
2024-12-1285.20106.53-2.38GILD ahead
2024-12-1185.00106.53-2.43GILD ahead
2024-12-1085.73106.48-2.38GILD ahead
2024-12-0986.31104.46-2.18GILD ahead
2024-12-0684.74106.24-2.50GILD ahead
2024-12-0585.29107.69-2.60GILD ahead
2024-12-0486.51105.62-2.33GILD ahead
2024-12-0386.53106.65-2.44GILD ahead
2024-12-0286.46108.42-2.63GILD ahead
2024-11-2987.94106.76-2.36GILD ahead
2024-11-2787.07106.56-2.47GILD ahead
2024-11-2687.05105.34-2.39GILD ahead
2024-11-2591.40104.35-1.87GILD ahead
2024-11-2291.57104.00-1.84GILD ahead
2024-11-2190.13103.51-1.95GILD ahead
2024-11-2089.50102.20-1.91GILD ahead
2024-11-1987.03101.19-2.09GILD ahead
2024-11-1886.66102.01-2.23GILD ahead
2024-11-1588.17101.94-2.08GILD ahead
2024-11-1492.00106.22-2.08GILD ahead
2024-11-1393.71106.82-1.97GILD ahead
2024-11-1292.91108.80-2.25GILD ahead
2024-11-11100.05111.89-1.82GILD ahead
2024-11-08101.13111.35-1.67GILD ahead
2024-11-07100.08112.89-1.91GILD ahead
2024-11-06100.04105.73-1.27GILD ahead
2024-11-0599.26104.04-1.19GILD ahead
2024-11-0498.52103.60-1.21GILD ahead
2024-11-0199.24103.22-1.09GILD ahead
2024-10-3199.53102.42-0.98GILD ahead
2024-10-3098.10101.81-1.06GILD ahead
2024-10-2998.24101.57-1.02GILD ahead
2024-10-2898.60102.35-1.05GILD ahead
2024-10-2598.55102.63-1.08GILD ahead
2024-10-2498.14102.38-1.10GILD ahead
2024-10-2397.90100.59-0.95GILD ahead
2024-10-2299.38101.66-0.91GILD ahead
2024-10-2198.4799.50-0.79GILD ahead
2024-10-18100.00100.00-0.69GILD ahead

One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Feb 12, 2025 (AMGN -0.5%, GILD +7.5%); Nov 5, 2025 (AMGN +7.8%, GILD -0.3%); Aug 5, 2026 (AMGN +4.6%, GILD -2.6%); Sep 8, 2026 (AMGN -10.1%, GILD -2.9%). Upcoming earnings: GILD Oct 29, 2026 (after-hours); AMGN Nov 3, 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

AMGN and GILD at a glance

AMGN Amgen Inc.

Listing
Nasdaq · SEC CIK 318154
Industry
Biotechnology: Biological Products (No Diagnostic Substances) · SIC 2836 Biological Products, (No Diagnostic Substances)
Market value
$229.7B
Price history
2,521 daily closes, Oct 12, 2016 to Oct 22, 2026

GILD Gilead Sciences Inc.

Listing
Nasdaq · SEC CIK 882095
Industry
Biotechnology: Biological Products (No Diagnostic Substances) · SIC 2836 Biological Products, (No Diagnostic Substances)
Market value
$189.8B
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
GILD / MRNAWatchlistMRNA by 2.04 sdBiotechnology: Biological Products (No Diagnostic Substances)
AMGN / MRNAWatchlistMRNA by 2.01 sdBiotechnology: Biological Products (No Diagnostic Substances)

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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.